Silver price held steady in global markets, with one ounce trading at $89.51. Accordingly, one kilogram stands at $2,877. The metal remains close to its recent peak and continues to attract strong investor interest.
Yesterday evening, silver climbed to $91.35 per ounce. Although prices eased slightly, silver still trades near its highest level in almost a month. This stability reflects ongoing demand from investors seeking protection against market volatility.
Additionally, analysts link the recent rise in the silver price to uncertainty surrounding U.S. trade policies. Investors remain cautious as policymakers debate tariff adjustments and broader economic measures. In addition, geopolitical tensions have increased demand for safe-haven assets. As a result, many traders have shifted part of their portfolios toward precious metals.
Therefore, recent remarks by U.S. trade officials also influenced market sentiment. Jamieson Greer, the U.S. Trade Representative, suggested that tariff rates on some countries could rise from 10% to 15% or higher. His comments signaled a possible tightening of trade measures. Consequently, investors reacted by increasing their exposure to silver and gold.
Meanwhile, Donald Trump, in his annual address to Congress, refrained from detailing specific plans. However, he signaled no intention to retreat from his trade policies. This stance added to concerns about prolonged trade disputes and potential economic disruptions.
At the same time, global attention has shifted to Geneva, where a new round of negotiations between the United States and Iran is set to begin. These talks could influence energy markets and broader investor confidence. Until clearer signals emerge, many market participants prefer defensive assets.
Market forecasts indicate that as long as uncertainty over Washington’s economic policies and Middle East tensions continues, silver prices are likely to remain elevated. Therefore, silver may continue to trade near the $90 level in the short term.
