Spot Silver Price Tops $49/oz for the First Time Since April 2011
Spot silver prices surged past $49 per ounce on Wednesday, reaching levels not seen since April 2011 and renewed interest in precious metals markets.
Catch up quickly with the day’s most important and insightful stories. Our Stories of the Day category curates the standout articles across markets, economy, business, personal finance and innovation. Each post brings together multiple key developments, breaking news or deep-dive features chosen for their impact and relevance. It’s a fast, reliable way to understand what really matters today without scrolling through dozens of feeds. Whether you want a quick overview or a richer perspective, this section delivers the essential stories with context and clarity.
Spot silver prices surged past $49 per ounce on Wednesday, reaching levels not seen since April 2011 and renewed interest in precious metals markets.
Nvidia will invest as much as $2 billion in xAI’s $20 billion funding round, backing the startup’s purchase and rental of its own GPUs.
ICE, owner of the New York Stock Exchange, is in advanced talks to invest $2 billion in prediction market operator Polymarket, in a move that could validate its U.S. return strategy.
Gold prices surged to a record $4,000 per ounce, driven by renewed demand for safe-haven assets amid global market volatility and interest rate uncertainty.
OpenAI and AMD agreed on a multi-gigawatt GPU deployment that could award OpenAI up to 160 million AMD shares. AMD stock surged while rivals cooled.
Berkshire Hathaway agreed to acquire Occidental Petroleum’s OxyChem division for $9.7 billion in cash, marking Warren Buffett’s largest purchase since 2022.
Gold surged to a record high above $3,800 per ounce Monday as investors rushed into safe haven assets amid fears of a U.S. government shutdown and growing expectations of Federal Reserve rate cuts.
President Trump says a 100% tariff will apply to branded pharmaceutical imports from Oct. 1, unless the companies have begun building manufacturing plants in the U.S.
Huawei has detailed a three-year campaign aimed at narrowing the technological gap with Nvidia, relying on scale, national strategy and integrated infrastructure rather than raw silicon supremacy.
The Federal Reserve lowered its benchmark rate by 0.25% to 4.00%–4.25%, its first step in a projected series of cuts as job growth slows and inflation stays high.
China has ordered major tech firms to stop buying Nvidia’s RTX Pro 6000D chips, prompting CEO Jensen Huang to express disappointment and highlight growing geopolitical risk.
Major U.S. tech firms including Microsoft, Nvidia, Google and OpenAI have committed approximately £31 billion (about $40 billion) toward UK AI infrastructure, signaling a major boost to the country’s computing and innovation potential.
Citigroup forecasts Ether could fall to about $4,300 by the end of 2025 under its base scenario, warning current price levels may be supported more by sentiment than fundamentals.
Standard Chartered’s innovation arm, SC Ventures, is planning a $250 million digital assets fund launching in 2026, with some backing expected from Middle Eastern investors.
Elon Musk’s open-market purchase of around $1 billion in Tesla shares reignited investor faith, sending the stock into positive territory for the year.