Silver Declines on Profit-Taking

2026-02-24 01:28 By Jam Kaimo Samonte 1 min. read

Silver dropped more than 2% to below $86 per ounce on Tuesday, ending a four-day rally as investors booked profits amid persistent trade uncertainty and heightened geopolitical risks.

In the latest developments, global logistics firm FedEx filed a lawsuit seeking a full refund after the US Supreme Court struck down Trump’s emergency tariffs.

On Monday, silver rallied after Trump threatened to lift global tariffs from 10% to 15% in response to the Court’s ruling.

The shifting policy stance fueled concerns that existing trade deals could unravel, though major trading partners have so far maintained their agreements with Washington.

Trump also warned of steeper duties on countries that “play games” with current trade arrangements.

On the geopolitical front, markets remain focused on US-Iran talks scheduled to resume on Thursday.

Trump reiterated his preference for a negotiated resolution but cautioned that serious consequences would follow if a nuclear deal is not secured.



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