Silver Prices Defy Market Trends

In a surprising turn of events, silver prices experienced a significant uptick, climbing more than 1% on Monday. This rise comes at a time when the broader market is facing a downturn, largely due to the US administration's recent decision to impose reciprocal tariffs.

Safe-Haven Assets in Demand

As equity, bond, and currency markets grapple with the fallout from the latest trade developments, silver's resilience is drawing renewed interest from investors. At 1:41 am ET, silver was trading at $30.12, marking a 1.51% increase. Meanwhile, gold prices held steady at $3,038.75 per ounce, with platinum and palladium also seeing modest gains.

Precious Metals on the Rise

Platinum and palladium joined silver in the upward movement, trading 0.44% and 0.38% higher, at $934.06 and $908.37, respectively. This collective rise underscores the growing appeal of precious metals as safe-haven assets in uncertain times.