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Silver Prices Surge Amid Tariff Tensions and Inflation Fears

3/6/2025

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Story summary
  • Silver prices increase to $31.30 per troy ounce, driven by safe-haven demand amid US tariff concerns.
  • A new 10% tariff on Chinese imports begins Tuesday, with China likely to respond.
  • The weaker US Dollar boosts silver's affordability for international buyers.
  • Recent PCE inflation data raises expectations for Federal Reserve interest rate cuts, benefiting silver.
  • Tensions rise between the US and Ukraine over negotiations for mineral access.