Silver prices continue soaring as debt and geopolitical fears send precious metals to new records

Silver prices continue soaring as debt and geopolitical fears send precious metals to new records

Fortunebusiness

Key Points:

  • Silver prices surged 9.6% to surpass $78 per ounce for the first time, with gold, platinum, and palladium also hitting record highs amid a broader rally in precious metals.
  • Year-to-date gains show silver up 169%, platinum 172%, and palladium 124%, significantly outperforming gold’s 73% increase, Nvidia’s 42% rise, and the S&P 500’s 18% advance.
  • The rally was driven by escalating geopolitical tensions, including U.S. strikes on Islamic State targets in Nigeria, increased pressure on Venezuela, and a military buildup in the Caribbean signaling potential regional conflict.
  • Investors are flocking to precious metals as safe-haven assets amid concerns about rising debt levels and potential