A enactment of 1 kilogram metallic bars astatine Conclude Zrt bullion trader arranged successful Budapest, Hungary, connected Monday, Feb. 17, 2025.
Akos Stiller | Bloomberg | Getty Images
One of the champion trades of the twelvemonth conscionable staged a monolithic reversal overnight.
Silver slid much than 3% connected Monday, aft topping $80 an ounce for the archetypal clip ever successful overnight trading. The precious metallic is inactive higher by much than 155% twelvemonth to date. It started 2025 trading supra conscionable $20 per ounce.
Silver futures were past trading astir $75.41an ounce.
Silver futures for March, twelvemonth to date
That has helped the precious metallic outperform adjacent golden this year. Gold futures for February, which precocious topped $4,550 for the archetypal clip ever this month, are higher by much than 70% this year.
Gold futures were past down by astir 1.5%.
There are a fig of reasons for the immense gains. Alongside gold, metallic is viewed arsenic a harmless haven for investors wary of heightened geopolitical tensions and different risks, similar the ballooning U.S. deficit. The 2 metals are besides viewed arsenic stores of value, meaning they tin enactment arsenic hedges against a U.S. dollar that weakens owed to ostentation oregon economical uncertainty. What's more, a weaker U.S. dollar besides makes the assets cheaper for different countries.
Silver besides benefitted from beardown concern request for electronics specified arsenic star panels, information centers and electrical vehicles.
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