Silver prices maintained their position near multi-year highs due to investor reactions to US trade policies, including extended tariff deadlines and potential new tariffs. Uncertainty may boost safe-haven asset demand. The OBBB Act could worsen the deficit by over USD 3 trillion, amplifying investors’ anxieties. Industrial demand for silver is robust, primarily because of green energy and technology sectors, projecting a significant supply deficit. Furthermore, a positive jobs report for June indicated a reduced chance of a Federal Reserve rate cut, which might strengthen the US dollar and Treasury yields, possibly affecting silver's momentum.
Silver prices are stable near multi-year highs as investors react to US trade policy and potential tariff implications. Tariffs could increase demand for safe-haven assets.
The extension of the tariff deadline and confirmed tariffs on various countries have raised investor concerns, potentially pushing them toward silver as a hedge.
Silver remains supported by strong industrial demand, particularly from green energy and technology sectors, with global supply deficit expected for the fifth consecutive year.
A better-than-expected US jobs report has reduced the chance of a near-term Federal Reserve rate cut, which might positively impact the US dollar and Treasury yields.
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