Silver Hits $100 for First Time Amid Trump Unrest, Analysts Note Market Outperformance
Silver prices surged to $100 for the first time amid unrest related to US President Donald Trump's policies, with investors seeking it as a safe haven asset. The metal doubled in price in just 3.5 months, driven by strong demand from industries like solar panels, electronics, and jewelry.
Analyst David Morrison from Trade Nation highlighted silver's exceptional performance and tight supply dynamics. Data shows silver reaching a record high of $50 per ounce in October, the highest level since 1980, surpassing even gold.
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