Silver Prices Hit a Historic High Above 85 an Ounce on Geopolitical Fears

Silver prices surged to an unprecedented level on Monday, breaking above 85 an ounce for the first time in history, as investors intensified their search for safe-haven assets.

March silver futures on COMEX jumped 7.18% during the session, reaching an intraday peak of 85.035 per ounce, according to exchange data. The move marks a new all-time high for the precious metal.

The rally in silver comes alongside fresh record highs in gold, underscoring a broader shift toward defensive positioning across global markets. Demand for traditional safe havens has strengthened amid escalating geopolitical uncertainty and heightened political risk in the United States.

Market sentiment was further shaken by reports of a criminal investigation involving the Chair of the US Federal Reserve. While details remain limited, the news added another layer of uncertainty to an already fragile macro backdrop.

Gold prices also extended their historic run, climbing above 4,600 per ounce to set a new record. Together, the parallel rallies in gold and silver highlight growing investor concern over political stability, monetary policy credibility, and global risk dynamics.

From a market perspective, the scale and speed of the silver move stand out. Precious metals have often rallied during periods of stress, but a breakout of this magnitude suggests a sharp reassessment of risk — and a renewed role for hard assets as portfolio hedges.

At current levels:

• Silver: above 85 per ounce — all-time record
• Gold: above 4,600 per ounce — all-time record

Investors will now be watching closely whether the rally can sustain momentum or if heightened volatility emerges as markets digest the broader implications.