Silver prices soared on Monday, reaching levels not seen since January 1980, as investors rushed toward safe-haven assets amid rising global uncertainty. The surge in precious metals comes as geopolitical tensions, inflation concerns, and economic slowdowns continue to rattle global markets.
During Monday’s trade, silver gained as much as 1.5%, touching $48.65 per ounce at 3:26 am ET, marking its highest level in over four decades. The rally in silver coincided with a fresh record for gold, which rose 1.14% to $3,931.12 per ounce, underscoring renewed investor appetite for defensive assets.
Other precious metals also saw significant gains, with platinum advancing 2.58% to $1,624.38 per ounce, while palladium climbed 2.05% to $1,258.78 per ounce.
Market analysts suggest that the latest rally reflects mounting concerns over currency volatility, global debt levels, and shifting central bank policies. With major economies showing signs of strain and the U.S. dollar softening, investors are increasingly diversifying into tangible assets such as gold and silver to hedge against potential instability.
Silver’s rally, in particular, highlights its dual role as both a precious and industrial metal, with demand from electronics, solar energy, and electric vehicle sectors also supporting prices.
The continued surge in precious metals signals that investors are positioning defensively, with silver’s breakout adding to growing optimism that the metal could see further gains if macroeconomic uncertainty persists.
