Silver Prices Defy Market Trends

In a surprising turn of events, silver prices climbed more than 1% on Monday, standing out against a broader market slump. This resilience comes as the US administration's recent decision to impose reciprocal tariffs sends ripples through equity, bond, and currency markets.

Safe-Haven Appeal Strengthens

By 1:41 am ET, silver was trading at $30.12, marking a 1.51% increase. This uptick has caught the eye of investors flocking to safe-haven assets amidst the uncertainty. 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.

Market Reactions and Movements

The latest trade developments have prompted a varied response across different asset classes, with silver's performance highlighting its potential as a hedge against market volatility.