Why are gold and silver prices rising sharply today and why is silver outperforming gold – Gold and silver add $1.3 trillion in market cap today

Gold and silver prices are exploding today. The precious metals surge has already added over $1.3 trillion in market value in just one session. Gold is trading above $4,550 per ounce, while silver has crossed $71, outperforming sharply. So why are gold and silver prices rising sharply today? Investors are rushing to safe-haven assets as global tensions rise and stock markets fall. Inflation fears are also building fast due to rising oil prices. At the same time, silver is outperforming gold because of strong industrial demand and higher volatility. This powerful mix is driving one of the biggest precious metals rallies in recent months.