🇺🇸 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 Trump’s newly announced tariff policy stoked fears of a global economic slowdown.
📉 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.
🔧 According to the Silver Institute, global industrial demand for silver reached an estimated 700.2 million troy ounces in 2024.
