Gold and silver prices rise
Gold and silver rose as Wall Street experienced a sharp sell-off. The Dow Jones fell 814 points, the S&P 500 dropped 1.23%, and the Nasdaq lost 1.44%. Investors moved money out of stocks into safe assets like gold and silver. Central banks have also been buying gold in large amounts, which added support. Falling Treasury yields and concerns about trade tensions further increased demand for these metals.
Silver rise faster than gold
Silver’s rise outpaced gold because it is used both as a safe-haven metal and in industry. Solar panels need about 20 grams of silver each. Electric vehicles use 25–50 grams. AI data centers also rely on silver in semiconductors. At the same time, silver has faced a supply shortage for five years.
Platinum and copper fall
Platinum fell 0.90% to $2,156.40. Its main use is in car catalytic converters. With slower auto production and trade worries, demand for platinum has decreased. Copper, nicknamed as 'Dr. Copper,' slipped 0.95% to $5.78. Copper reflects global industrial activity, and today’s drop signals weaker construction and manufacturing, especially in China. Both metals fell because investors expect slower economic growth.
Market outlook for investors
The sharp split between precious and industrial metals conveys that investors are seeking safety. Gold and silver benefit from fear, while platinum and copper fall due to expected slow industrial demand. Experts say that gold and silver are useful for portfolio protection but are volatile. They are not substitutes for long-term investments like stocks.
