Silver Prices Surge Amid Safe-Haven Demand

On Monday, silver prices experienced a significant surge, reaching their highest levels since mid-December. This rally appears to be fueled by an increased demand for safe-haven assets, as investors seek stability amidst economic uncertainties.

Impact of Trump's Trade Policy Adjustments

The rise in silver prices follows reports that President-elect Donald Trump may revise his universal tariff proposal, focusing instead on critical imports that could pose a threat to national security. This potential shift in trade policy has introduced a new layer of uncertainty to the economic landscape, driving investors towards precious metals like silver as a protective measure against market volatility.

Eurozone Economic Outlook Adds to Concerns

Further contributing to the economic unease, recent reports indicate that the eurozone economy is poised for a weaker start this year. This development has heightened fears regarding global economic stability, reinforcing the appeal of silver and other precious metals as safe-haven investments. At 7:06 am ET, silver was up 2.25%, trading at $30.30 per ounce.