[ad_1]
Silver rallied sharply on Wednesday, reversing the previous session’s losses as geopolitical and trade risks supported the market.
Washington implemented a temporary 10% global tariff, with discussions reportedly underway to raise the rate to 15%.
The developments have revived fears of renewed trade confrontation, driving flows toward safe-haven assets.
Additionally, geopolitical risks remain elevated. Persistent tensions in Eastern Europe and security concerns in Mexico are reinforcing the appeal of precious metals. At the same time, investors are closely watching the third round of US-Iran nuclear negotiations in Geneva, where any breakdown could reignite regional instability.
Silver could strongly benefit from any additional uncertainty at a global level.
However, the metal’s gains could see some limitations as monetary policy expectations could remain cautious. In this regard, several Fed members commented that interest rates might have to stay at current levels. As a result, silver could remain sensitive to new data releases that could affect rate expectations, including jobs and inflation data.
[ad_2]
Source link
