Silver prices rose again on Monday, recovering some of the previous session's losses as U.S. President Donald Trump's tariff warnings boosted safe-haven demand for the metal. Trump announced a 25% blanket tariff on all steel and aluminum imports, effective today, with additional tariffs to be announced on Tuesday or Wednesday. The announcement coincided with China's retaliatory tariffs on certain U.S. exports, which are set to take effect today. Meanwhile, German Chancellor Olaf Scholz said the EU was ready to respond "within an hour" if the U.S. imposes tariffs on European goods. Silver prices have also been boosted by expectations of stronger industrial demand, particularly from the renewable energy sector, along with expectations of a continued supply deficit
As of this News Release, silver prices are at $32,143
Source: Newsmaker.id
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