Silver Extends Gains as Dollar Slides
Silver rose above $31.40 per ounce on Friday, marking a third consecutive session of gains, as broad-based weakness in the U.S. dollar and renewed economic concerns fueled demand for alternative assets.
The metal also benefited from rising haven flows, with the dollar losing some of its traditional safe-haven appeal.
Despite a 90-day tariff reprieve, investors remain uneasy about President Trump's trade policies and their potential to tip the U.S. economy into recession.
The White House recently confirmed cumulative tariffs on Chinese goods have reached 145%, raising the threat of further retaliation from Beijing, which has already imposed an 84% levy on U.S. imports. Meanwhile, softer-than-expected U.S. core inflation data for March reinforced market expectations for additional interest rate cuts from the Federal Reserve, further pressuring the greenback and supporting precious metals.
Source: Trading Economics
