Silver Surpasses $100 Mark Amid High Demand and Geopolitical Concerns
- Silver prices exceeded $100 per ounce on Friday morning.
- Chinese investors are driving demand, with premiums over $14 per ounce.
- Geopolitical concerns have contributed to the rise in silver prices.
- The metal is often referred to as the “devil’s metal” in financial circles.
Silver’s price surge past $100 is largely attributed to increased demand from Chinese investors and ongoing geopolitical tensions, prompting a flight to safety among investors.
The premium of over $14 per ounce highlights the strong demand from China, reinforcing silver’s status as a safe-haven asset amid global uncertainties. Source
