Stocks Market
Silver Surges Past $74/oz, Gold Near Record $4,530 – Copper Benefits from Long‑Term Structural Demand
Metal markets are on a strong upside trajectory as a weakening dollar, heightened geopolitical risks and expectations of further U.S. monetary easing drive investors toward safe‑haven assets. Silver has posted a fifth straight day of gains, climbing over 4 % to hit a historic high of $74.8 per ounce, while gold hovered around the all‑time peak of $4,530. At the same time, copper prices rose more than 3 % to a five‑month high, underpinned by long‑term fundamentals such as the energy transition, electric‑vehicle rollout and massive infrastructure spending. The rally in precious metals reflects both their traditional role as crisis hedges and the impact of falling real yields on non‑interest‑bearing assets. Institutional buying, ETF inflows and central‑bank purchases have tightened supply, sending silver up nearly 158 % year‑to‑date. Gold has appreciated over 70 % since January, its strongest annual gain since 1979. Copper’s surge, up 42 % in New York and 2.7 % in Shanghai, signals a broader shift toward a more industrial, technology‑driven economy.