Silver Falls as US Defers Import Tariffs

2026-01-16 01:00 By Jam Kaimo Samonte 1 min. read

Silver fell toward $90 per ounce on Friday, resuming its decline after seeing sharp swings in the previous session, as the US decided to refrain from imposing tariffs on critical minerals.

The threat of possible US import tariffs on key minerals had fueled a broad rally across commodities, pushing silver, copper and other metals to all time highs as traders rushed shipments into the US to get ahead of possible levies.

Silver was added to the US critical minerals list last year due to its vital role in advanced technologies and clean energy infrastructure, particularly in solar panels, electric vehicles and electronics.

Still, the white metal remains on track to post a weekly gain of more than 13%, supported by strong safe haven demand for precious metals amid heightened geopolitical tensions and growing concerns over the US Federal Reserve’s independence.



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