Silver prices surged to their highest level in over 40 years, as safe-haven demand, robust industrial consumption, and ongoing supply shortages propelled the market.
On Thursday, spot silver reached $51 per troy ounce, surpassing the $50 mark for the first time since 1980 and reflecting a nearly 75% increase year-to-date.
Meanwhile, gold prices dipped 2% after briefly exceeding $4,000 per ounce in the previous session. Analysts attributed the decline to a stronger U.S. dollar and investors locking in profits following the Israel-Hamas ceasefire agreement.
The rally underscores growing interest in precious metals as both a hedge against inflation and a response to geopolitical uncertainty, signaling continued volatility and investor attention in global commodity markets.
