Amid growing global economic uncertainty, spot silver prices surged 7% intraday to trade at $91.18 per ounce. This rally reflects heightened investor interest in precious metals as a safe-haven asset.
Market Analysis
Analysts note that recent volatility has driven capital inflows into silver, which offers both industrial and financial value. The metal's dual demand drivers are capturing market attention.
- Silver prices break through key resistance levels
- Global ETF holdings continue to rise
- Industrial and investment demand both provide support
Market participants expect silver prices to extend gains, potentially setting new all-time highs in the near future.