Silver Defies Market Trends with Significant Gain

In a surprising turn of events, silver prices experienced a notable increase of over 1% on Monday. This rise comes at a time when the broader market is facing a downturn, largely due to the recent imposition of reciprocal tariffs by the US administration.

A Safe Haven in Turbulent Times

As equity, bond, and currency markets reel under the pressure of the latest trade developments, silver's resilience is drawing attention. Investors are increasingly turning to silver as a safe-haven asset amidst the market's volatility.

Market Snapshot

At 1:41 am ET, silver was trading at $30.12, marking a 1.51% increase. Meanwhile, gold prices remained steady at $3,038.75 per ounce. Other precious metals like platinum and palladium also saw modest gains, trading up by 0.44% and 0.38%, respectively.