Silver surged to approximately $115 per ounce on Wednesday, reaching new record highs as investors turned to safe-haven metals amidst a sharp decline in the dollar's value. Remarks made by US President Donald Trump, expressing indifference towards the dollar's recent depreciation—its weakest performance in four years—strengthened the belief that the administration is at ease with a weaker dollar to enhance export competitiveness. Additional policy uncertainties in Washington, including Trump's tariff threats against other countries and his criticisms of the Federal Reserve's independence, further bolstered the uptick in precious metals. In China, a dedicated silver fund halted trading as soaring demand caused its premium to rise significantly above the value of its underlying assets. Silver continues to attract substantial interest from retail investors in China, with prices consistently climbing, prompting manufacturers to pivot production from jewelry to 1-kilogram silver bars.