Silver Prices Defy Market Trends

In an unexpected turn of events, silver prices experienced a significant rise of over 1% this Monday, standing out against a broader market downturn. This surge comes in the wake of the US administration's recent imposition of reciprocal tariffs, which has sent shockwaves through global markets.

Market Reactions and Safe-Haven Appeal

As equity, bond, and currency markets reel from the latest trade developments, silver's resilience has caught the eye of investors. By 1:41 am ET, silver was trading at $30.12, marking a 1.51% increase. This uptick has reignited interest in silver as a safe-haven asset, contrasting with gold's stagnant position at $3,038.75 per ounce. Meanwhile, platinum and palladium also saw modest gains, trading up by 0.44% and 0.38%, respectively.