Market Volatility Spurs Silver's Surge

In a dramatic turn of events, silver prices leaped by as much as 3% this Friday, reaching their highest point since the end of October. This surge comes amidst widespread market volatility, fueled by growing concerns over the latest tariffs imposed by the United States.

President Donald Trump's announcement of forthcoming measures has only added to the unease, stirring fears of potential global economic instability and a spike in inflation. As the markets reacted, silver was not the only precious metal to see a rise; gold, platinum, and palladium also experienced gains, albeit to a lesser extent.

Precious Metals on the Rise

At precisely 5:44 am ET, silver was trading at $33.27 per ounce, marking a 2.80% increase. Not far behind, gold prices edged up by 0.30%, reaching $2,937.27 per ounce. Platinum and palladium followed suit, with platinum adding 0.20% to sell at $996.76 per ounce and palladium improving by 1.30%, trading at $988.63 per ounce.