Silver Tops $100 as Global Turmoil Fuels Run for Safe Havens

Silver topped $100 an ounce for the first time, extending a scorching rally built on surging demand for haven assets and frenzied buying in retail markets from Shanghai to New York.

Spot silver surged as much as 6.9% to $102.87 an ounce on Friday, bringing gains this year to more than 40% after prices more than doubled in 2025. Gold also climbed to a fresh record, edging closer to $5,000 an ounce.