Silver prices traded around $32.29 an ounce on Wednesday (2/5), hitting a new record in early 2025.Silver is currently still holding near its highest level as the escalating trade war between the US and China has boosted demand for safe haven assets. Note: This article is analysis only and is not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions. Source: Newsmaker.id
Gold prices jumped 1% on Wednesday (2/5), extending a record rally, driven by safe-haven demand amid the escalating U.S.-China trade war, while the spotlight was also on payrolls data from the world's largest economy. Spot gold prices rose 0.9% after rising 1% and hitting a record high earlier in the session. Source: Newsmaker.id
Silver (XAG/USD) prices rose for the third straight session, during European trading hours on Wednesday (2/5). Safe-haven metals such as Silver gained on rising risk aversion amid global trade and economic uncertainty. In response to the new 10% US tariffs that came into effect on Tuesday, China imposed a 15% tariff on US coal and liquefied natural gas (LNG) imports, along with additional 10% tariffs on crude oil, farm equipment, and certain cars.