Silver Rises to Near 2-Month Highs

2026-02-27 14:37 By Felipe Alarcon 1 min. read

Silver surged over 4% to trade above $92 per ounce on Friday, hitting nearly two-month highs as investors rotated into precious metals amid intensifying trade and geopolitical risks.

The white metal is benefiting from a massive "debasement trade" triggered by the US administration's move to invoke Section 122 for a 10% global tariff, with markets pricing in a potential escalation to 15% following the recent Supreme Court ruling.

This protectionist shift has overshadowed a "hot" January core PPI print of 0.8%, which reinforced a resilient Dollar and pushed the first fully priced Fed rate cut to July.

Despite these hawkish headwinds, silver's rally is being supercharged by a flight to safety as US 10-year Treasury yields fell below 4% and investors liquidated positions in AI-infrastructure equities.

Geopolitical premiums also remained elevated following the US State Department authorizing the departure of non-emergency personnel from its embassy in Israel due to safety risks.



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