economy
Parabolic AI rally has bulls eyeing a comeback for this one-time meme metal trade
Silver prices surged 7% Monday to the highest since March.
TL;DR
- Silver prices increased by 7% on Monday, reaching their highest level since March.
- Copper prices also rose, hitting a new record high.
- Both metals are used in data centers critical for AI infrastructure.
- Silver has seen increased retail interest, with bullish options activity in the iShares Silver ETF (SLV).
- One trader made a large bet on SLV, selling puts and buying calls.
- Silver's performance has lagged behind semiconductors this year, possibly due to interest rate fluctuations and focus on oil volatility.