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Silver has surged 31 percent so far this year, outpacing other precious metals such as gold, up 22 percent; platinum at 15 percent; and palladium with a 10 percent gain.
Robin Brooks attributes the rise to heightened geopolitical risk, noting that concerns about potential conflict with Iran are driving the so-called debasement trade in commodities.
The current surge in silver stands in stark contrast to last year’s pronounced downturn, when the metal suffered a significant setback alongside its peers, as detailed in the analysis of precious metals’ sharp decline. At the same time, Robin Brooks’s assessment of volatility in the silver market continues to inform perspectives on the debasement trade, drawing from his previous view that a dramatic silver crash was inevitable—an outlook that now appears prescient amid renewed geopolitical uncertainty.