Silver Soars to $80 Amid Global Turmoil, Recovers 5% Loss

• Silver recovered sharply to around $80 per ounce after an initial 5% dip, driven by global geopolitical uncertainty.
• Geopolitical risks like the Ukraine crisis, Middle East tensions, and US-Venezuela friction pushed investors towards safe-haven assets.
• Ajay Kedia of Kedia Commodity notes the surge is backed by fear and strong fundamentals, with silver eyeing a 166% gain in 2025.
• Factors supporting silver include supply issues, speculative inflow, central bank/ETF buying, and anticipated US interest rate cuts.
• While the long-term outlook is strong, experts warn of continued short-term volatility due to geopolitical developments.

Why It Matters: Silver rebounds to $80 on global uncertainty, strong long-term outlook despite short-term volatility.