Silver Defies Market Trends with a Notable Rise

In an unexpected turn of events, silver prices experienced a significant uptick, climbing more than 1% on Monday. This surge comes at a time when the broader market is grappling with a downturn, largely influenced by the US administration's recent imposition of reciprocal tariffs.

Safe-Haven Assets Gain Traction

As equity, bond, and currency markets reel under pressure from the latest trade developments, silver's resilience is drawing renewed interest from investors. 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, with platinum and palladium also seeing modest gains of 0.44% and 0.38%, respectively.

Investors Turn to Precious Metals

The current market scenario has led investors to lean towards safe-haven assets, with silver leading the charge. This trend underscores the growing uncertainty in global markets and the shifting preferences of investors in search of stability.