Due to multiple factors such as the central bank's gold purchasing spree, the Federal Reserve's interest rate cuts, and regional situations, the prices of spot gold and silver have been rising steadily. Gold saw a significant annual increase of 27% in 2024, the largest annual gain since 2010, continuously reaching new historical highs, with prices nearing the $2800 mark in October. Silver increased by 21%, hitting a more than 10-year high of $34.86, currently hovering around $28.9 per ounce. Overall, gold outperformed silver, with the gold-silver ratio rising by 4.8% for the year.