Silver prices recovered from the previous session’s decline to $33 an ounce on Thursday, as trade and geopolitical uncertainties boosted demand for the safe-haven metals.
- Gold prices jump on Trump’s tariff threats, negotiations taking a break on Ukraine
- Gold rises as Trump tariff uncertainty fuels safe-haven demand
- Protected: MCX Gold Update [18 Feb 2025]
- Trump, Putin teams complete Ukraine talks, summit date yet to be set
- Neal Bhai suggests buying silver between Rs 94,900-94,500
Earlier this week, US President Donald Trump announced plans to impose 25% tariffs on imports of automobiles, semiconductors and pharmaceuticals, rekindling fears of a wider global trade war.
Market concerns also rose after Trump’s remarks calling Ukrainian President Volodymyr Zelensky a dictator amid ongoing peace talks to end the war in Ukraine with Russia.
Meanwhile, US Federal Reserve officials in January said they would prefer to see more progress on inflation before cutting interest rates further, expressing concern over the potential impact of Trump’s tariffs.
