Silver Outperforms in a Slumping Market

Amid a broad market downturn sparked by the US administration's recent imposition of reciprocal tariffs, silver prices have remarkably climbed more than 1% on Monday. This unexpected resilience highlights silver's appeal as a safe-haven asset during turbulent times.

Market Reactions and Precious Metals Performance

At 1:41 am ET, silver was trading at $30.12, marking a 1.51% increase. This surge has caught the attention of investors diversifying their portfolios away from the volatility in equity, bond, and currency markets. Meanwhile, gold prices held steady at $3,038.75 per ounce, with platinum and palladium also experiencing modest gains of 0.44% and 0.38%, respectively.

Investor sentiment seems to be shifting towards precious metals as a buffer against the ongoing trade uncertainties and market pressures.