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The AI trade has taken many forms this year, from surging semiconductors to record-setting ETFs and a fresh breakout in the Mag-7 stocks.
Now, traders are setting their sights on an old variation of that theme that has sat out the most recent leg of the rally: silver.
Silver prices surged 7% Monday to the highest since March and copper added 3.3% to $6.50, a new record. Both metals are used for their thermal conductivity and electrical wiring in data-centers crucial to handling AI demand, but silver appears to have captured more retail interest.
Trading in the iShares Silver ETF (SLV)
