Silver Defies Market Downturn

In a surprising turn of events, silver prices climbed more than 1% on Monday, standing out against a broader market slump. This resilience comes in the wake of the US administration's latest decision to impose reciprocal tariffs, which has sent shockwaves through equity, bond, and currency markets.

A Safe Haven in Turbulent Times

By 1:41 am ET, silver was trading at $30.12, marking a 1.51% increase. This uptick has caught the eye of investors scrambling for safe-haven assets amidst the market turmoil. Meanwhile, gold prices held steady at $3,038.75 per ounce, with platinum and palladium also seeing modest gains of 0.44% and 0.38%, respectively.