金融市場

Silver and platinum prices soar as investors seek ‘gold alternatives’

Prices climb more than 10% this month amid search for hedges against dollar weakness

Investors are pouring into silver and platinum as they seek “gold alternatives” and hedges against the US dollar, sending prices for both metals soaring.

With the US dollar’s status as a safe haven for global capital under threat, gold has enjoyed a historic rally, surging 25 per cent since the beginning of the year as investors use it as a hedge against uncertainty.

However, amid concerns that gold may now be overvalued, other precious metals such as silver and platinum are starting to catch up. Silver prices have surged to a 13-year high, and platinum prices are at their highest levels in four years, with both metals up more than 10 per cent this month.

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