Silver Prices Hit 13-Year High As Dollar Weakens Amid Tariff Uncertainty: ‘The Breakout Has Been Brewing’

Article Synopsis

Silver prices surged to a 13-year high on Thursday, climbing above $35 per ounce amid uncertainty over President Trump’s tariff policies and a weakening US dollar. Spot silver reached $35.90, while July futures rose over 4% to exceed $36.

The silver market, smaller and more volatile than gold, is experiencing price spikes due to supply deficits, growing industrial demand, and a declining dollar. Despite a strong year-to-date gain of 23%, analysts warn of silver’s historical volatility and urge caution, noting that the metal is currently overbought.

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