Silver Hits 45-Year High as Investors Turn to Safe Havens
Silver prices soared on Thursday, reaching their highest level since 1980. The metal climbed past $50 an ounce as investors rushed toward safe assets. The surge reflected growing caution over global economic and political risks.
Gold, meanwhile, eased after touching a record above $4,000 an ounce earlier this week. According to Bloomberg, silver’s rally signals a “catch-up effect” following gold’s earlier gains.
John Plassard of Cite Gestion Private Bank said investors worry about the US economy, France’s debt, and potential Federal Reserve rate cuts. He noted that talk of a global silver shortage added fresh momentum to prices.
Silver’s appeal also stems from its industrial importance. It plays a vital role in solar panels and electronics, making it both a financial and technological asset.
Global Market Reaction
Stock markets delivered mixed results as investors assessed multiple factors. They monitored AI investments, corporate earnings, US political gridlock, and global rate expectations.
The US dollar strengthened after weeks of weakness. Analysts at Convera said the rebound reflects optimism about the American economy and challenges abroad. Political turmoil in France and policy shifts in Japan have also influenced investor behavior.
In the United States, stocks dipped slightly from record highs. The ongoing government shutdown has delayed key data, keeping traders cautious. Still, some corporate results offered relief.
PepsiCo shares rose over 4% after the company posted strong quarterly sales. Delta Airlines also gained more than 4%, driven by high travel demand and solid earnings.
However, Boeing’s stock fell 4% after reports suggested Turkish Airlines might switch to Airbus due to supplier issues.
In Europe, the Paris market slipped as President Emmanuel Macron searched for a new prime minister following Sebastien Lecornu’s resignation. Germany’s DAX index hit a new record, while Ferrari shares slumped nearly 15% after disappointing guidance.
In Asia, Japan’s markets advanced after Sanae Takaichi became leader of the ruling party, signaling a business-friendly agenda.
