Silver soars more than 16 per cent since May 1
May 13, 2026
Gold and silver prices have continued climbing sharply since the beginning of May, with silver posting especially strong gains in Canadian-dollar trading as investors increasingly turn to precious metals amid economic uncertainty and growing industrial demand.
Gold opened May at approximately $6,274 CAD per ounce before rising above $6,520 by May 11. Although prices eased slightly in subsequent sessions, gold remained elevated at about $6,427 CAD per ounce on May 13. Silver, meanwhile, surged from about $102.46 CAD per ounce on May 1 to roughly $119.75 by May 13 — an increase of nearly 17 per cent over the period.
From Canadian Coin News