[MARKET UPDATE] Spot silver (XAG) extends to a new ATH of USD 89.13/oz with spot XAU currently +0.6%, c. USD 20/oz shy of ATHs of USD 4634/oz

Spot silver (XAG) extends to a new ATH of USD 89.13/oz with spot XAU currently +0.6%, c. USD 20/oz shy of ATHs of USD 4634/oz.

The new all-time high in spot silver reflects strong demand dynamics, possibly driven by both safe-haven buying and industrial demand. Meanwhile, gold's solid performance, though still shy of its ATH, indicates ongoing bullish sentiment in precious metals, suggesting continued interest from investors, especially in uncertain market conditions. This could have implications for inflation hedges and overall commodity market positioning.