Spot Silver scaled a 1 1/2-week high of $33.57 on Monday, as US President Donald Trump’s contemporary tariff threats heightened the safe-haven attract of the steel.
A softer US Greenback was additionally offering help to the white steel. The US Greenback Index was final down 0.71% to 98.740.
A weaker US Greenback makes dollar-priced Silver extra interesting to worldwide buyers holding different currencies.
Final Friday, Trump threatened to double present tariffs on imports of metal and aluminum from 25% to 50%, taking impact on June 4th.
Trump additionally reignited tensions with China, arguing Beijing had violated the circumstances of its commerce cope with the US.
Trump’s accusations adopted earlier commentary by Treasury Secretary Scott Bessent, who claimed that commerce talks with China had stalled.
Within the meantime, China countered these claims with its personal accusations of US wrongdoing.
Spot Silver was final up 0.97% on the day to commerce at $33.30 per troy ounce.
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