iShares Silver Trust (SLV) surged 5% in overnight trading, reflecting a broader rally in silver-related assets. The movement aligns with a significant uptick in demand for safe-haven assets like silver and gold, driven by market expectations of upcoming rate cuts.
The rally in SLV was part of a larger trend, with other silver ETFs and mining stocks also posting gains. Spot gold's breakthrough above $4,600 an ounce further fueled investor interest in precious metals, reinforcing the appeal of silver as a hedge against economic uncertainty.
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