Spot silver rose to $75/oz, up 3.16% on the day.

Caitong Securities said in a research note that multi-layer ceramic capacitors (MLCC) are shifting from consumer-electronics cyclicals to hard‑tech growth driven by AI compute and automotive electronics. With demand-side restructuring, rigid constraints on high‑end supply and a K‑shaped price-cycle divergence, the global MLCC market is undergoing structural change and a window for Chinese domestic substitution is gradually opening.

Fed's Daly said similarities to the 1990s do not mean this will be the 1990s.