FX.co ★ Silver Extends Gains as Dollar Slides

Silver climbed past $31.20 per ounce on Friday, achieving a third straight session of gains. The increase is attributed to the broad weakening of the U.S. dollar and renewed economic concerns, which have heightened demand for alternative investments. Silver has also gained traction due to its appeal as a safe-haven asset, as the U.S. dollar's traditional role in this regard has diminished. Despite a temporary 90-day suspension of tariffs, investors are still anxious about President Trump's trade policies and the potential risk they pose in pushing the U.S. economy toward a recession. The White House recently announced that the cumulative tariffs on Chinese goods have reached 145%, escalating the threat of further retaliatory measures from Beijing, which has already imposed a levy of 84% on U.S. imports. At the same time, U.S. core inflation data for March fell short of expectations, bolstering market speculation that the Federal Reserve will implement additional interest rate cuts. This has put further pressure on the dollar while lending support to precious metals.