Silver prices surged past $35 per ounce on Thursday, reaching a 13-year high amid a weakening U.S. dollar and uncertainty surrounding former President Trump’s tariff policies. Spot silver climbed to $35.90, while July futures rose over 4% to above $36. Ines Ferré reports for Yahoo! Finance:
Silver (SI=F) prices surged to 13-year highs on Thursday, breaking above $35 per ounce amid uncertainty over President Trump’s tariff policy and the continued decline of the US dollar.
Spot silver rose to climb above $35.90, its highest level since February 2012, while futures for July delivery (SI=F) jumped more than 4% to hover above $36 per troy ounce.
The move follows a recent resurgence in gold (GC=F) prices, which have been driven by trade policy uncertainty and continued central bank demand buying. […]
“This is not necessarily a false move,” O’Connell said, “but it is now heavily overbought and should, as always when silver does this sort of thing, be treated with caution.”
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