Monday opened with a strong rally across precious metals, led by a sharp 2% surge in spot silver to $81.6 per ounce — a recent high that signals renewed market momentum. The rally reflects growing appetite for safe-haven assets amid shifting macroeconomic expectations and rising geopolitical uncertainty.
Silver Takes the Lead as Platinum Group Metals Follow Higher
Platinum jumped 3.2%, outperforming most peers, while palladium rose 1.7%, indicating strengthening industrial demand outlook. Bullish sentiment in auto manufacturing, especially for catalytic converters and hydrogen technologies, is fueling platinum's ascent.
- Silver breaks above the key $81 psychological level
- Platinum gains on clean energy and industrial catalyst demand
- Palladium rebounds as supply chains stabilize
Analysts cite a weaker U.S. dollar and rising inflation expectations as primary catalysts. Geopolitical risks continue to support haven demand. Technically, silver has cleared its short-term downtrend, with potential for further upside if it holds above $80.