Why gold and silver prices are rising while platinum and copper fall: Gold and silver prices are skyrocketing as gold hit $5,230.70, gaining 2.95% today. This surge follows a Dow Jones crash of 814 points triggered by 15% global tariffs. Investors are fleeing stocks for safety. Silver prices jumped 5.66% to $87.00 on massive industrial deficits. Meanwhile, copper and platinum fell nearly 1%. Markets now prioritize precious metals as the ultimate 2026 recession hedge.