FX.co ★ Silver Set for Second Weekly Gain

Silver rose nearly 2% toward $90 per ounce on Friday, heading for a second straight weekly advance, supported by uncertainty over US trade policy and elevated geopolitical risks. Investors assessed the policy outlook in Washington after the US Supreme Court last week struck down former President Donald Trump’s broad reciprocal tariffs. In response, the administration imposed a new 10% global tariff, with the rate potentially rising to 15% for certain countries, amplifying concerns that existing US trade agreements could be weakened. At the same time, a more hawkish tone from Federal Reserve officials may cap further upside in precious metals, as solid US economic data reinforces expectations that interest rates will remain on hold for longer. On the geopolitical front, the US and Iran agreed to resume nuclear negotiations next week, following what officials described as progress in Thursday’s talks in Geneva.