Gold and silver prices have been on a rollercoaster ride in the past few days.After racking up huge gains over the past year to hit record highs, prices of the precious metals fell sharply on Friday and Monday.Recommended Stories list of 4 itemsend of listPrices recovered some ground on Tuesday, though remaining well below their peaks.Here’s all you need to know about the recent price moves:Why have gold and silver prices risen so much over the past year?Precious metals are prized by investors for their tendency to hold their value.Historically, they have attracted buyers during times of economic uncertainty and geopolitical turmoil.The return of Donald Trump, a leader famed for his unpredictability, to the White House has been one factor driving volatility over the past year.From his tariffs to his pressure on the independence of the Federal Reserve, the country’s central bank, and threats to take over the Danish autonomous territory of Greenland, Trump has repeatedly taken a sledgehammer to orthodoxy, stirring unease in markets.Trump’s convention-busting governance has also driven a weakening of the United States dollar, further encouraging investors to seek out “safe haven” assets that will hold their value.Between Trump’s inauguration last year and the end of January 2026, gold prices nearly doubled, while silver prices rose nearly four-fold.Some analysts argue that the rising prices of precious metals reflect a deeper crisis of confidence in economic systems worldwide after …
