Silver surged to a fresh record, briefly touching $64.30 per ounce, climbing nearly 4% in a single session and more than doubling since the start of the year. Lower US borrowing costs added momentum to the move.

Talks aimed at ending the Russia-Ukraine war continue to stall, and the tone is hardening. Donald Trump said the US is willing to support a security arrangement but voiced frustration with the pace of negotiations. He criticized President Zelenskiy for rejecting a US-backed proposal, while the White House said Trump is losing patience with discussions that fail to move forward.

The dollar weakened while the dollar index hovered near a two-month low, with rising jobless claims reinforcing expectations for further easing. A firmer tone from central banks in Australia, Canada, and parts of Europe added pressure on the greenback, particularly against the euro.

Check out today's analysis as the week comes to an end.