Silver prices rose nearly 1% to around $32.80 per ounce on Monday, bouncing back from the previous session's losses as a weakening US dollar reignited safe-haven demand. The greenback came under pressure amid escalating concerns over US economic policy direction and the independence of the Federal Reserve.
Investor anxiety intensified after President Donald Trump threatened to fire Fed Chair Jerome Powell, raising fears of political interference in monetary policy and undermining confidence in the central bank's autonomy.
Adding to the risk-off mood were heightened US-China trade tensions, with China rejecting what it called US "trade bullying" and warning other countries against making concessions at its expense. The broader uncertainty helped lift silver, which is often sought as a store of value during times of geopolitical and financial instability.
Source: Trading Economics
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