FX.co ★ Silver Remains Volatile Amid Economic Uncertainty

Silver hovered around $30 per ounce on Monday, exhibiting volatility as investors evaluated the consequences of U.S. President Donald Trump's intensifying trade war on the global economy. The metal plunged by as much as 16% over just three sessions due to recession fears spurred by tariffs, triggering a broad market selloff that led traders to offload precious metals to offset losses in other areas. Following the White House's announcement of extensive tariffs on all countries last week, China retaliated with its own tariffs on U.S. goods, with other significant economies anticipated to follow. Meanwhile, Trump's new tariffs exclude copper, gold, energy, and certain minerals that are not available domestically in the U.S. Despite the overall market downturn, silver and other precious metals could potentially gain support as traders anticipate further interest rate cuts by the Federal Reserve this year.