Precious-metal prices held firm at 12 noon EST on Aug. 28, with both gold and silver continuing to trade near recent highs.
Gold stood at about CA$4,696 per ounce, just below this month’s high of CA$4,724. Silver was trading around CA$53.70 per ounce, close to its August peak of CA$54. Both metals remain well above their monthly lows.
Silver has gained roughly 23 per cent so far in 2025, outpacing gold, which has also advanced strongly. Analysts point to safe-haven demand, global economic uncertainty and ongoing geopolitical tensions as key drivers.
For dealers, the elevated prices are boosting inventory valuations and lifting retail premiums on popular bullion coins such as Maple Leafs. However, the market also brings increased exposure to volatility, exchange-rate shifts and margin pressures across bullion and numismatic channels.