Silver price hits record highs; SLV stock jumps in premarket as Fed probe rattles markets
Spot silver surged 5.5% to $84.32 an ounce Monday, hitting a record high as SLV jumped 3.8% in premarket trading. The rally followed threats from the Trump administration to indict Fed Chair Jerome Powell, fueling safe-haven demand. Wall Street futures fell 0.7% amid policy uncertainty. Traders await Tuesday’s U.S. CPI report for signals on rates and the dollar.