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Silver, Platinum Lifted by Safe-Haven Bid as Gold Holds Near $4,000
Silver gained ~1.
Silver climbed about 1.2% while platinum rose nearly 0.9% on 31 October as investors sought safe-havens amid geopolitical and inflation concerns. Spot silver traded at around US$48.77 per ounce, extending weekly gains to over 3%. Analysts say silver’s dual role as both precious and industrial metal is bolstering demand, especially in sectors like solar and EV. While gold remains anchored near US$4,000 per ounce, silver is seen as offering higher beta exposure to upside risk, albeit with more volatility.