Silver Defies Market Trends with Significant Price Increase

In a surprising turn of events, silver prices surged more than 1% on Monday, standing out against a backdrop of widespread market decline. This unexpected resilience comes in the wake of the US administration's recent imposition of reciprocal tariffs, which has sent shockwaves through equity, bond, and currency markets.

Investors Turn to Silver as a Safe-Haven Asset

By 1:41 am ET, silver was trading at $30.12, marking a 1.51% increase. This uptick has captured the attention of investors, who are increasingly looking towards silver as a safe-haven asset amidst the current market volatility. Meanwhile, gold prices remained steady at $3,038.75 per ounce, with platinum and palladium also experiencing modest gains of 0.44% and 0.38%, respectively.