Market Volatility Spurs Silver Surge

In a dramatic turn of events, silver prices leaped by as much as 3% this Friday, reaching their highest levels since last October. This surge comes amidst a backdrop of widespread market volatility, primarily fueled by growing concerns over new tariffs introduced by the United States. President Donald Trump's announcement of forthcoming measures has only added to the unease, sparking fears of potential global economic instability and a spike in inflation rates.

Precious Metals on the Rise

At 5:44 am ET, silver was trading at $33.27 per ounce, marking a significant 2.80% increase. Not to be outdone, gold also saw a modest rise of 0.30%, reaching $2,937.27 per ounce. Platinum and palladium followed suit, with platinum adding 0.20% to sell for $996.76 per ounce and palladium improving by 1.30%, fetching $988.63 per ounce a minute later.