Silver price hits fresh record above $112 as haven demand bites; SLV jumps

Spot silver, the price for immediate delivery, surged past $112 an ounce on Monday, marking a new high. It was last trading up roughly 8.5% near $111.7, with demand for precious metals holding strong into the U.S. session.

Silver price stock SLV slides as index rebalance selling kicks in ahead of U.S. jobs report

Silver price stock SLV slides as index rebalance selling kicks in ahead of U.S. jobs report

Shares of iShares Silver Trust fell 3.5% to $68.50, extending a slide in silver-linked assets as the metal came under fresh selling pressure. Peer ETF abrdn Physical Silver Shares dropped 3.4%, while silver miners First Majestic Silver, Pan American Silver and Wheaton Precious Metals were down between 0.4% and 1.0%.

US Stock Market Today Updates

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Key Events Today

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#1

Warsh at Jackson Hole

Policy tone can move rates, USD, equities, gold and crypto simultaneously.

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Michigan sentiment

A weak final reading or elevated inflation expectations could pressure risk assets.

#3

Chicago PMI

A surprise versus 58.0 may alter the near-term manufacturing-growth narrative.

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