Gold continues its record-breaking streak, now trading at $2,298 per troy ounce, while silver also sees notable gains, surpassing $27 per ounce with a 3.64% increase.

The surge in precious metals has been remarkable, with gold marking a 0.76% rise in the last 24 hours and a significant 10.34% increase over the past month.

Analysts predict further upward movement in gold prices despite recent declines in equities and cryptocurrencies, with Bank of America forecasting a $2,400/oz estimate for the year.

Silver has also experienced substantial gains, rising by 3.64% on Wednesday and posting a 17.45% increase over the past 30 days, though some analysts caution against potential downward pressure due to extreme levels relative to its 200-day moving average.