Headline: Silver Pulls Back After Tariff Relief, but Weekly Rally Remains Strong

Silver prices slid nearly 2% on Friday to below $91 per ounce, resuming their downward move after sharp volatility in the previous session, as the United States opted not to impose tariffs on critical minerals.

Earlier, fears of potential U.S. import tariffs had ignited a broad-based commodities rally, driving silver, copper, and other metals to record highs. Traders rushed shipments into the U.S. to get ahead of possible levies, tightening global supply and lifting prices.

Silver was added to the U.S. critical minerals list last year, reflecting its strategic importance in advanced technologies and clean energy infrastructure—particularly in solar panels, electric vehicles, and electronics.

Despite Friday’s pullback, silver remains on track for a weekly gain of more than 13%, underpinned by strong safe-haven demand for precious metals. Heightened geopolitical tensions and growing concerns over the independence of the U.S. Federal Reserve continue to support investor appetite for silver and other havens.