Key Takeaways Gold offers stability via safe-haven and central-bank demand, while silver leads on momentum (GLD, SLV).Silver's structural supply deficit contrasts with gold's steadier mine output (IAU, SIVR).Industrial demand gives silver higher upside, while gold remains a portfolio hedge (GDX, SILJ).Gold and silver prices both hit fresh records in December, thanks to economic and policy uncertainty, along with geopolitical concerns. Gold climbed to an all-time high of $4,500 per ounce this week for the fi ...