Silver prices climbed toward $33 per ounce on Friday, hovering close to four-month highs as trade and geopolitical uncertainties drove demand for safe-haven metals.
Earlier this week, US President Donald Trump announced plans to impose tariffs on imports of automobiles, semiconductors, and pharmaceuticals, while subsequently adding lumber and forest products, reigniting fears of a broader global trade war.
Market anxiety also deepened following Trump's remarks calling Ukrainian President Volodymyr Zelenskiy a dictator amid ongoing peace talks with Russia to end the war in Ukraine.
Meanwhile, US Federal Reserve officials noted in January that they would prefer to see more progress on inflation before cutting interest rates further, expressing concerns over the potential impact of Trump's tariffs.
Source: Newsmaker.id
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