Silver Breaks Through $100 Barrier
On Friday, silver made history by surpassing $100 per ounce for the first time, hitting $101. At the same time, gold climbed to $4,986 per ounce, highlighting growing investor appetite for safe-haven assets in uncertain times.
Key Drivers Behind the Rally
Escalating geopolitical tensions, global economic uncertainty, and expectations of U.S. interest rate cuts have collectively fueled the surge in precious metal prices. According to Philip Newman of Metals Focus, silver is benefiting from the same underlying factors that are driving gold higher.
Market Sentiment and Outlook
Independent trader Tai Wong noted that traders are now testing whether silver can hold above $100 and whether investors will begin taking profits. He stressed that gold’s role as a hedge in volatile times makes it a vital component of strategic portfolios, and the current trend may signal deeper fundamental shifts in the market.