In the face of President Donald Trump’s unpredictable trading tariffs, silver has risen to almost $34 an ounce. The president’s unanticipated measures have created global uncertainty and impacted precious metals markets. The unpredictability of the situation has encouraged investors to turn to classic safe-havens such as silver and gold. This has made the price of silver soar.
This is not the first time that geopolitical tension has led to a bounce in precious metals. The historical trend is clear: in times of global economic uncertainty, the appeal of safe-haven assets grows. Looking at the market outlook, should these tariffs continue to upset the global markets, we could expect a continuation of this trend flow towards safe-havens.
Investors will undoubtedly keep an eye on the developments surrounding the trade tariffs. For now, the forecast for silver remains positive, with its price set to increase if the current global uncertainty persists. Read More
Leave a Reply