Silver's Rally Catches Up to Gold on Alternative Safe-Haven Demand
Silver prices rise, catching up with gold's year-to-date rally as investors seek alternative safe-haven assets. Silver New York spot prices are up 2.2% at $37.13 a troy ounce.
Prices have risen 28.5% since the start of 2025. The U.S. dollar index continues to be at multiyear lows, with traders instead boosting exposure to silver alongside the euro, sterling and the Swiss franc amid concerns over the Trump administration, SP Angel analysts say in a note. The dollar could rally near term after the sustained selloff, the analysts say.
However, wider geopolitical worries are pushing countries to diversify their foreign reserves away from the dollar, analysts write. This is benefiting precious metals long term, they say.
Gold New York spot prices are up 0.1% at $3,388.46 a troy ounce, and have risen 29% year to date.
Source : Dow Jones Newswires
