Silver prices near $33 per ounce
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Silver prices rose to $32.9 per ounce on Wednesday, touching their highest level since October 30th, as global trade uncertainties continued to drive safe-haven demand for precious metals.
Silver prices near $33 per ounce The metal has gained significant traction in recent weeks amid mounting geopolitical tensions and economic uncertainties. US President Donald Trump said on Tuesday that he plans to impose auto tariffs “in the neighborhood of 25%” and similar duties on semiconductors and pharmaceutical imports, raising worries over a wider trade war. Investors fear that escalating trade restrictions could disrupt global supply chains, prompting a shift toward safe-haven assets like silver and gold. Meanwhile, market participants closely monitored US-led diplomatic efforts to resolve the ongoing war in Ukraine, as any progress on that front could ease geopolitical risks and reduce demand for precious metals.
Silver prices near $33 per ounce The metal has gained significant traction in recent weeks amid mounting geopolitical tensions and economic uncertainties. US President Donald Trump said on Tuesday that he plans to impose auto tariffs “in the neighborhood of 25%” and similar duties on semiconductors and pharmaceutical imports, raising worries over a wider trade war. Investors fear that escalating trade restrictions could disrupt global supply chains, prompting a shift toward safe-haven assets like silver and gold. Meanwhile, market participants closely monitored US-led diplomatic efforts to resolve the ongoing war in Ukraine, as any progress on that front could ease geopolitical risks and reduce demand for precious metals.