Copper, Gold And Silver Prices Are Up. Here's Why.

Group 1 - Copper, gold, and silver prices have increased significantly this year, driven by investor hedging against political instability and dollar weakness, alongside tightening supplies of major metals [1] - Copper prices reached a record high of $11,485 per metric ton, reflecting a 34.1% increase year-to-date [2] - The surge in copper prices is attributed to increased demand from AI data center buildouts and renewable energy projects, which are tightening supplies typically used for electric vehicles and smartphones [3] Group 2 - U.S. silver futures have surged by 101.4%, rising from $29.24/oz to $58.88/oz, while gold prices have increased by 60.7% year-to-date [4] - The demand for gold and silver has risen as investors seek protection against political instability, inflation, and a weak dollar, influenced by tariffs and a recent government shutdown [4] - A refined copper supply deficit of 304,000 tons is projected for 2025, with even larger shortfalls expected in the coming year [5]