Silver (XAG/USD) Surges Above $90 Amid Supply Deficit and Safe-Haven Demand

Silver prices (XAG/USD) recorded a significant rally, surging approximately 4% to settle near the $91 mark. This upward movement represents a continued recovery from a volatile period in late January, when prices plummeted from $121 to a low of $64. Market analysts attribute the recent gains to a resurgence in safe-haven demand as investors seek protection against global uncertainties. Additionally, easing concerns regarding international trade tariffs have provided a supportive backdrop for industrial metals. Fundamental factors, specifically a persistent supply deficit in the silver market, are further fueling the bullish momentum. Traders are now closely monitoring the $90 level as a key psychological support zone for future price action.