Silver Rises to $87, Tariffs & Iran Spark Safe Havens
Silver prices (XAG/USD) continued their rally for the fourth consecutive day, trading around $87.10–$87.50 per troy ounce during Monday's Asian session. This increase was primarily supported by safe haven flows as the market became increasingly anxious about global tariff uncertainty.
The main trigger came from the dynamics of US trade policy. After the US Supreme Court limited the authority for "reciprocal" tariffs, President Donald Trump responded with plans to raise global import tariffs to 15% from 10%. This stance raised investor concerns about the next steps, leading to renewed demand for safe haven assets such as precious metals.
The impact spilled over into international trade negotiations. India reportedly postponed trade talks with the US due to uncertainty surrounding tariff rules following the court ruling, while several European officials re-evaluated trade commitments and awaited clarity regarding the continuation of existing agreements.
In addition to tariffs, geopolitical tensions in the Middle East also strengthened defensive sentiment. Although US-Iran diplomacy remains ongoing, Trump has kept the option of a limited military strike open if nuclear talks fail, weakening risk appetite. Silver benefits from its unique position: in addition to being a defensive asset, it also has an industrial side, which makes it quickly attract interest when the market seeks protection while still pursuing opportunities. (asd)
Source: Newsmaker.id
