Silver Soars Past $100 for First Time Amid Global Uncertainty, Gold Nears $5,000

• Spot silver surged over 4.2% to $100.29 an ounce, marking its first time above $100, driven by demand for haven assets and retail buying.
• The rally extends silver's gains to almost 40% this year, following a doubling in price in 2025, while gold also hit a new record, nearing $5,000.
• Increased investor demand for precious metals is linked to global uncertainties, including trade, geopolitics, monetary policy, and challenges to the Federal Reserve's independence.
• A five-year supply deficit in the global silver market, coupled with its affordability compared to gold, has fueled retail buying in China and the US.
• Despite its industrial uses, particularly in solar, higher prices are expected to reduce silver consumption in the sector by about 17% this year.

Why It Matters: Silver hits record $100 an ounce, gold nears $5,000, as global uncertainty and strong demand drive precious metals rally.