Silver Soars Past $90/oz, Crosses Rs 3 Lakh in Cities Amid Safe-Haven Rush

• Silver spot price on Comex hit an all-time high of $90.805 per ounce, a 5.17% gain.
• Domestic futures price on MCX reached Rs 2,87,735 per kg, up 4.56% from previous close.
• The surge is attributed to geopolitical tensions, industrial demand, and investors seeking safe-haven assets.
• Concerns over US Federal Reserve's independence and trade uncertainties also fueled the rally.
• Silver's market capitalization has surpassed Nvidia, becoming the world's second-most valued asset after gold.

Why It Matters: Silver prices are at record highs globally and domestically, driven by safe-haven demand and geopolitical events.