Silver Surges Above 13-Year High on Geopolitical, Trade Tensions

Silver prices have surged to their highest levels since 2012, breaking key resistance points and reaching above $35 per ounce amid growing geopolitical tensions and concerns over slowing U.S. economic growth. This rally is supported by increased demand for safe-haven assets as investors seek protection from trade uncertainties and inflationary pressures, with silver outperforming as a more accessible alternative to gold. Gold prices have also risen significantly, surpassing three-week highs, driven by a weakening dollar and escalating geopolitical and trade conflicts. In India, silver futures crossed the Rs 1 lakh mark, reflecting strong domestic demand alongside global trends. The sustained upward momentum in silver, with gains exceeding 15% year-to-date, highlights broad-based investor confidence in precious metals as hedges against economic and geopolitical risks. Market analysts suggest that while silver is currently overbought and may consolidate, the bullish outlook remains intact due to fundamental support from industrial demand and safe-haven buying.