The iShares Silver Trust (AMEX:SLV) surged to a fresh all-time high Monday morning as silver climbed above $85 amid a clash between the White House, the Justice Department and Federal Reserve Chair Jerome Powell. Here’s what investors need to know.
- iShares Silver Trust stock is challenging resistance. What’s driving SLV to record levels?
Silver’s Meteoric Rise Reflects Political Tensions
Powell discussed in a Sunday evening video that the Fed had received grand jury subpoenas and what he described as threats of criminal indictment over his congressional testimony on the central bank’s $2.5 billion headquarters renovation, calling the case a “pretext” for political pressure on interest-rate decisions.
Equity futures slid Monday morning while precious-metals markets reacted instantly: gold jumped to record levels and silver futures spiked roughly 7%, trading above $84 an ounce.
Are Silver Prices Set For A Breakout?
For SLV, which holds physical bullion, the backdrop is ideal. The confrontation raises fears that monetary policy could become subordinate to short-term political goals, increasing the risk of inflation, fiscal dominance and a weaker dollar if rates are forced to prioritize growth over price stability. In that environment, investors typically seek hard assets with limited supply and no default risk.
Also Read: Trump Loyalist Kevin Hassett Seizes The Moment As DOJ Turns Up Heat On Powell
Silver tends to amplify gold’s safe-haven moves because its market is smaller and more thinly traded, so ETF inflows can push prices sharply higher. At the same time, silver’s role in solar panels, electronics and batteries underpins demand even if growth expectations wobble, reinforcing the perception it can hold value when confidence in institutions, and in an independent Fed, is under strain.
Benzinga Edge Rankings: Benzinga Edge data shows SLV with a standout Momentum score of 97.15, while its short-, medium- and long-term price trends all remain firmly positive, underscoring the strength of the current rally.
SLV Price Action: iShares Silver Trust shares were up 7.12% at $77.53 at last check on Monday. The ETF is trading at a new 52-week high, according to Benzinga Pro data.
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