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.
Frequently Asked Questions
Why did silver prices fall nearly 2% on Friday?
Silver declined after the U.S. decided not to impose tariffs on critical minerals, easing supply concerns that had previously driven prices higher.
What caused silver to rally earlier in the week?
The rally was fueled by fears of potential U.S. import tariffs, which prompted traders to rush metal shipments into the U.S., tightening supply and pushing prices to record highs.
Why is silver considered a critical mineral by the U.S.?
Silver plays a vital role in advanced technologies and clean energy, including solar panels, electric vehicles, and electronics, making it strategically important.
Is silver still performing well despite the recent drop?
Yes. Even after the pullback, silver is on track to post a weekly gain of more than 13%, reflecting strong underlying momentum.
What factors continue to support silver prices?
Ongoing safe-haven demand driven by geopolitical tensions and concerns over the independence of the U.S. Federal Reserve continue to support silver prices.
