A number of one kilogram silver bars at Conclude Zrt bullion seller organized in Budapest, Hungary, on Monday, Feb. 17, 2025.
Akos Stiller | Bloomberg | Getty Photos
Among the best trades of the yr simply staged an enormous reversal in a single day.
Silver slid 7% on Monday, after topping $80 an oz for the primary time ever in in a single day buying and selling. The valuable metallic continues to be larger by greater than 155% yr to this point. It began 2025 buying and selling above simply $20 per ounce.
Silver futures have been final buying and selling round $71.91 an oz.
Silver futures for March, yr to this point
That has helped the dear metallic outperform even gold this yr. Gold futures for February, which lately topped $4,550 for the primary time ever this month, are larger by greater than 70% this yr.
Gold futures have been final down by 3.1%.
There are a variety of causes for the large positive aspects. Alongside gold, silver is considered as a protected haven for traders cautious of heightened geopolitical tensions and different dangers, just like the ballooning U.S. deficit. The 2 metals are additionally considered as shops of worth, which means they’ll act as hedges towards a U.S. greenback that weakens attributable to inflation or financial uncertainty. What’s extra, a weaker U.S. greenback additionally makes the property cheaper for different nations.
Silver additionally benefitted from sturdy industrial demand for electronics reminiscent of photo voltaic panels, information facilities and electrical autos.