
Market Movers: Silver Hits 14-Year High, Oil Rises
Silver prices surge to a 14-year high on industrial demand, while oil rallies on supply risks. The U.S. dollar eases after inflation data.
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Silver prices surge to a 14-year high on industrial demand, while oil rallies on supply risks. The U.S. dollar eases after inflation data.
US stocks showed mixed performance with the Nasdaq Composite rising as Electronic Arts surged 13.8%. The PCE Price Index met estimates, stabilizing the dollar. Oil prices gained on Russian supply risk
Silver hit over $45 per ounce, 10% below its record, as platinum reached 12-year highs. China's green technology push is driving demand, while Fed officials remain cautious on inflation.
Silver prices surged past $45 per ounce, reaching a 14-year high driven by economic uncertainty and weakness in equity markets. The metal is up over 55% year-to-date.
Market analysts are monitoring silver as growing retail investor interest and favorable macroeconomic conditions point to a potential price surge, with some targets at $100 per ounce.
Gold and silver prices have reached multi-year highs, driven by U.S. monetary policy, while supply deficits and geopolitical risks are pushing palladium and platinum higher.
Gold prices surged to a new all-time high of $3,728.36 per ounce, while silver climbed to a 14-year peak, driven by rate cut hopes and central bank buying.
Citigroup analysts predict the rally in gold and silver will continue, forecasting that copper and aluminum will join the trend by 2026 amid changing economic conditions.
Silver futures have surged 44% in 2025, reaching their highest levels since 2011 and outperforming gold's 39% gain amid growing economic uncertainty.
Silver's price is holding firm above the crucial $41.50 support level, with technical indicators suggesting a build-up of bullish momentum.