Gold’s rise to a record of $ 2,947.08 has strengthened Silver’s Bullish sentiment. The demand for safe haven is the floating of both metals, especially after the tariff threats of US President Donald Trump are rattling. The proposed 25% rates for auto -import, semiconductors and pharmaceutical products have evoked the fear of economic disruptions, so that investors have to look for protection in hard assets.
Historically, gold and silver are in combination in periods of increased uncertainty. If Gold maintains his momentum and challenges the $ 3,000, Silver can continue to rise in his wake.
Taken minutes can influence movements in the short term
The meeting memorandums of the Federal Reserve, which are due later today, are an important focus for traders. With interest rates that are currently being held at 4.25%-4.50%, markets are looking for signals on how long the central bank intends to keep the policy restrictive. All ragged surprises – such as concern about persistent inflation – can push the treasury higher and strengthen the US dollar, making it possible to conclude Silver’s profit.
Conversely, if the FED recognizes economic delay, silver could benefit. A long-term tariff break or hints in future cuts would probably support precious metals, because lower rates lower the opportunity costs to keep non-return assets.