Silver hits record $75 as Trump strikes roil oil and global stocks
Silver surged to an all-time high of $75 per ounce, up about 158% year-to-date in 2025, driven by strong vault inflows and growing safe-haven demand amid geopolitical turmoil. Gold is approaching its record near $4,525 as investors seek protection. The market shock intensified after U.S. President Donald Trump announced a “powerful and deadly strike” in Nigeria aimed at a terrorist group, and attacks tied to Venezuela also heightened regional risk. The strikes pushed global stocks and oil sharply lower as traders reassessed risk and energy supply concerns. Key market developments noted in the article include severe metal demand gains, heightened geopolitical risk from U.S. actions in Nigeria and Venezuela, and cross-asset volatility affecting equities and oil. Traders should watch continued physical silver flows, potential U.S. trade or restriction moves, gold’s momentum, and energy market reactions for near-term price catalysts.
Bearish
The net market effect is bearish for risk assets. The article describes significant geopolitical escalation — U.S. strikes tied to Nigeria and unrest related to Venezuela — which triggered sharp falls in global stocks and oil. Such risk-off events typically drive capital into safe havens (here, silver and gold), explaining the strong rally in precious metals. For crypto markets, heightened geopolitical risk and cross-asset volatility often reduce risk appetite in the short term, pressuring major cryptocurrencies as traders de-risk and seek liquidity. Historically, similar geopolitical shocks (e.g., Middle East incidents, Russia–Ukraine escalation) led to short-term declines in equities and crypto while boosting gold and sometimes silver. In the short term expect increased volatility, potential outflows from risky assets (including crypto), and higher correlation between crypto and equities. Longer term, sustained safe-haven demand or trade restrictions could support alternative stores of value (precious metals) but the impact on crypto depends on whether macro risk persists and whether investors view crypto as a risk or hedge asset; prolonged uncertainty tends to weigh on speculative assets, making the overall outlook bearish until clarity returns.