Key Insights
- The S&P 500 and Dow closed at record highs, reflecting steady demand and continued confidence in large-cap equities.
- Silver prices climbed above $82, pushing its total market value beyond NVIDIA amid strong industrial consumption.
- Market commentary compared equity gains to gold purchasing power, drawing attention to long-term valuation shifts.
The stock market reached fresh records as the S&P 500 and Dow Jones closed higher, while silver surged above $82. Equity gains followed steady demand, as precious metals drew attention after silver’s market value surpassed that of NVIDIA amid strong industrial consumption.
U.S. Stock Market Pushes to Historic Highs
The stock market continues to move upwards despite this bull run, with major US stocks closing at a record high. The S&P 500 moved up by 0.62% to close at a record high of 6,944.82. The Dow Jones Average also moved up by 0.98% to close at 49,462.08.
This marked the first finishing level above the 49,000 level for the Dow. Market pressures were constant throughout the day with minimal volatility. Investors continued their positioning in the heavyweight space amidst persistent confidence in the stability of earnings.
It seemed like there was organized accumulation activity and not speculative peaks and valleys. The stock market trend was stable, as it maintained prices close to the high of the day. Traders kept track of resistance levels but were still positioned in the major market trends.
Source: S&P500
White House Comments Enter Market Discussion
Public interest ensued after President Donald Trump made comments about the rally during a speech to House Republicans. In a video clip released by the White House on X, Trump referenced the historical stock levels to validate economic performance.
He correlated rising equity prices with job creation as well as the improvement of retirement savings. The message came with a major emphasis on job creation as a consequence of rising equity market valuations.
purposes of making payments: “That’s not new. For many years, benefits have been
Market reaction was minimal to these comments. Price movements were in line with market momentum, nevertheless. Actually, the stock market was continuing to trade in a normal manner, embodying overall market confidence already reflected in stocks.
https://x.com/WhiteHouse/status/2008637195175755833?s=20
Silver Rally Surpasses NVIDIA Valuation
Apart from equities, silverprices were under focus due to their surge above $82. This led to an increase in the estimated value of silver to roughly $4.63 trillion, surpassing NVIDIA.
The industrial sector remained supportive of the surge in silver prices due to an increase in its use in energy generation, electronics, and industry. The price rise was a result of sustained purchasing activity.
Analyst and investor Peter Schiff spoke about the rally through his post on X, citing the relative performance of the stock market to gold. According to his post, the Dow now buys 11 ounces of gold, as opposed to 43 ounces in 1999.
Technical Trends Support Current Market Direction
Technical is profitable on all markets. The S&P 500 remained inside a strong rising frame, above the levels of the previous breakout. Momentum instruments showed a weakening trend, but not a trend exhaustion.
Also, gold futures continued their strength, with a temporary retracement from recent records, although slightly. Meanwhile, in daily charts, there is consolidation above major areas of support, reflecting demand for precious metals and stocks.
Both equities and metals saw balanced investments. The stock markets were at record levels, while there were continuous investments in silver and gold. Investors’ attention was on trend persistence, with prices adjusting to historical values.
