๐บ๐ธ Silver Falls Nearly 9% Amid Recession Fears Triggered by Trump Tariffs
On Friday, silver prices plunged to an 8-week low, dropping nearly 9% to $31.00/oz, as Trumpโs newly announced tariff policy stoked fears of a global economic slowdown.
๐ Despite gold hitting an all-time high of $3,167.57 earlier this year, silver has come under pressure due to concerns over industrial demand.
๐ง According to the Silver Institute, global industrial demand for silver reached an estimated 700.2 million troy ounces in 2024.
