Gold has now reached an all-time high of $4,627 per ounce and continues to trade just below that level, suggesting further upside if current conditions persist. Agar noted that silver has also broken its previous peak of $84, rising to as high as $85.73, and has already delivered a 16% return since the start of the year.

Gold climbed on Wednesday to near a record ‌peak set in the previous session, while silver surpassed the never-before-seen $90 mark, as softer-than-expected U.S. inflation readings cemented bets on in...