The prices of silver remain strong, with one ounce trading at $88.24. Earlier in the day, the price briefly dropped to $85.45 per ounce but rebounded quickly as investor demand returned.
Currently, the global market values one kilogram of silver at $2,836. Yesterday evening, one ounce of silver reached $88.89. The price has climbed steadily for four consecutive days, reflecting growing market optimism.
Therefore, the rise in silver prices coincides with a legal claim filed by FedEx. The company is demanding the return of customs duties it previously paid. This follows a U.S. federal court ruling that struck down former President Donald Trump’s tariff decision, which the court labeled illegal.
In response, Trump increased global customs tariff rates from 10% to 15%, signaling a tougher approach to international trade. The move has raised concerns that trade agreements may face disruption. Despite these worries, major U.S. trading partners continue to honor existing agreements.
Furthermore, Trump also issued a stern warning to countries “playing games with trade agreements,” emphasizing that stricter tariffs will follow if disputes continue. Analysts say this approach may create short-term uncertainty in metals markets, including silver.
Meanwhile, financial markets are watching closely as the United States and Iran prepare for negotiations starting Thursday. The U.S. President stressed that dialogue should resolve outstanding issues. However, he warned that failure to restore the nuclear agreement could trigger severe tariffs, affecting global trade flows.
In addition, experts believe that ongoing trade disputes and geopolitical risks have contributed to higher demand for silver. Investors often turn to precious metals like silver as a haven during uncertain economic and political conditions.
Overall, silver’s recent performance highlights the market’s sensitivity to policy changes, legal rulings, and international negotiations. Traders and investors are likely to continue monitoring these developments closely in the coming days.
