KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
Silver just hit a 14-year high, rising as much as 1.6% in Asian trading — and it’s not just about industrial demand anymore. The precious metal is becoming the go-to alternative for investors spooked by trade war risks and sky-high gold prices.
What’s Driving the Surge?
Tariff Jitters: Although silver isn’t officially subject to Trump’s new tariffs, investors and industrial buyers are playing defense — stockpiling supplies in fear of sudden inclusion.
Gold Spillover: With gold trading above $3,350/oz, silver is getting attention as the more affordable haven asset.
Market Tightness: One-month silver borrowing costs have spiked above 6%, a massive leap from near-zero norms — a signal that physical supply is getting squeezed.
Silver-Gold Spread: The price gap between London spot and New York futures is unusually wide — just like earlier this year when metals surged on tariff fears.
Not Just a Safe Haven
Silver’s appeal goes beyond volatility hedging. Its industrial use in solar panels means demand is also being driven by green energy trends. According to the Silver Institute, 2025 is set to mark the fifth straight year of market deficit — scarcity that further fuels bullish sentiment.
🗣️ “Physical and industrial players in the US want to secure supplies before potential tariffs,” says Priyanka Sachdeva of Phillip Nova.
Gold vs. Silver
While gold has climbed 28% year-to-date, silver has outpaced it at +35%. With gold prices already elevated, silver is now the more attractive entry point for value-seeking investors.
Quick Stats
| Asset | YTD Gain | Current Price |
|---|---|---|
| Silver | +35% | ~$38.97/oz |
| Gold | +28% | ~$3,359.65/oz |
| USD Index | +0.1% | (Bloomberg Dollar Spot) |
Money Master Takeaway:
With global trade tensions heating up and tariffs reshaping supply chains, silver may be entering a breakout phase — driven by both fear and fundamentals. For those priced out of gold or looking to ride industrial growth trends, this could be silver’s moment to shine.
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