FX.co ★ Silver Rises on Haven Demand

Silver rose above $88 per ounce on Wednesday, rebounding from losses in the previous session as mounting tariff, geopolitical, and macroeconomic uncertainties increased demand for safe-haven assets. The move followed the start of a temporary 10% global tariff by the US on Tuesday, which the White House is reportedly looking to raise to 15%, after the Supreme Court last week struck down former President Donald Trump’s broad reciprocal tariff measures. Geopolitical tensions also underpinned prices, with investors closely watching the third round of US–Iran nuclear talks set to take place in Geneva on Thursday. Nonetheless, further gains in precious metals may be limited by fading expectations of near-term monetary easing from the Federal Reserve. Fed official Susan Collins indicated that keeping interest rates unchanged for an extended period is likely appropriate, pointing to an improving labor market alongside lingering inflation risks.