Silver price surges to record high amid Trump-related unrest
The price of silver has soared to an unprecedented $100 per ounce, driven by concerns over policies linked to Donald Trump. Investors are turning to silver as a safe-haven asset during this period of uncertainty. Demand for the metal is also fueled by its use in technology and jewelry. Sister metal gold is also nearing a record high as economic turbulence persists.
What we know
- Silver reached a record $100.29 an ounce in trading, doubling its price in just 3.5 months.
- The surge is attributed to unrest surrounding Donald Trump's policies and increased demand for safe-haven assets.
- Silver is being snapped up for use in solar panels, electronics, jewelry, and data centers for artificial intelligence.
- Gold is also approaching an all-time peak of $5,000 an ounce as investors seek stability.
- Silver had previously reached a record $50 an ounce on October 9, its highest since 1980.
