AI Rally Drives Silver Prices to Highest Level Since March
Silver prices surged 7% on Monday, reaching their highest level since March, as traders increasingly link the precious metal to the ongoing artificial intelligence infrastructure boom. Alongside silver, copper prices also rose by 3.3% to a record $6.50, driven by demand for thermal conductivity and electrical wiring in AI data centers. While semiconductor stocks have led the AI trade previously, silver is now capturing significant retail interest. Options activity for the iShares Silver ETF (SLV) reflected this bullish sentiment, with call options outnumbering puts by more than two to one. Notably, over 90,000 calls were bought compared to just 31,000 puts. One prominent trader executed a high-exposure strategy involving selling puts and buying calls, betting on an 11% rally in SLV over five weeks. Although SLV had soared earlier in 2025, it recently underperformed relative to semiconductors amid fluctuating interest rates and oil volatility. This resurgence suggests a shifting focus among commodity bulls toward metals essential for AI hardware development, marking a new phase in the broader AI investment theme.
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AI Rally Drives Silver Prices to Highest Level Since March
Silver prices surged 7% on Monday, reaching their highest level since March, as traders increasingly link the precious metal to the ongoing artificial intelligence infrastructure boom. Alongside silver, copper prices also rose by 3.3% to a record $6.50, driven by demand for thermal conductivity and electrical wiring in AI data centers. While semiconductor stocks have led the AI trade previously, silver is now capturing significant retail interest. Options activity for the iShares Silver ETF (SLV) reflected this bullish sentiment, with call options outnumbering puts by more than two to one. Notably, over 90,000 calls were bought compared to just 31,000 puts. One prominent trader executed a high-exposure strategy involving selling puts and buying calls, betting on an 11% rally in SLV over five weeks. Although SLV had soared earlier in 2025, it recently underperformed relative to semiconductors amid fluctuating interest rates and oil volatility. This resurgence suggests a shifting focus among commodity bulls toward metals essential for AI hardware development, marking a new phase in the broader AI investment theme.
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