For investors and collectors of precious metals, 2025 has been a volatile and compelling year. After a massive, nine-week rally that saw gold and silver hit historic highs, the market experienced a sharp, sudden correction in late October.
As we enter November 2025, where does the market stand? And what does this mean for the value of your assets, whether you’re holding bullion, jewelry, or even palladium-heavy watches?
Gold: The New Standard
Gold remains the king of “safe-haven” assets. After briefly touching highs near ,400 per ounce, gold has stabilized in late 2025, but it’s important to note that this new “stable” price is significantly higher than at any point in history. The late October selloff was seen by many analysts as a healthy correction, unwinding over-bought conditions.
- What this means: The fundamental drivers for gold (global economic uncertainty, persistent inflation) remain. The value of your gold bullion, “melt value” gold jewelry, and gold coins is still at a historically high baseline.
Platinum: The Industrial and Luxury Performer
Platinum, once more valuable than gold, has been on its own bull run in 2025, with prices up roughly 30% year-to-date.
- Why the rise? Platinum’s value is tied to two things: its use in luxury (it’s the premium metal for high-end jewelry) and its industrial applications. Demand is high for autocatalysts in hybrid vehicles and in the burgeoning green hydrogen fuel-cell industry.
- What this means: A third straight annual supply deficit is expected in 2025. This strong fundamental backdrop supports high prices, making any platinum jewelry or assets in your collection particularly valuable right now.
Palladium: The Volatile Specialist
Palladium is the most volatile of the precious metals. Its value is almost entirely (80%+) tied to its use in autocatalysts for gasoline-powered vehicles.
- The 2025 Story: Palladium also saw a major price spike in October. However, its long-term forecast is complex. The global shift to electric vehicles (which don’t use palladium) creates a long-term headwind. In the short term, however, stricter emissions standards and trade-tariff worries have kept demand robust.
- What this means: Palladium is a specialist’s asset. While it’s a key component in white gold alloys and some luxury watches (like certain Richard Mille models), its value is driven by industrial forces. The late 2025 market remains strong but choppy.
Unlocking Your Metal’s Value
Whether you hold gold bullion, platinum jewelry, or rare numismatic coins, the current high-price environment makes it an excellent time to understand their value. A collateral loan is the fastest way to access the liquidity from these assets without having to sell them, allowing you to hold your asset while still capitalizing on its high market price.
