From Yahoo Finance: 2025-06-05 12:49:00

Silver prices hit 13-year highs above $35 amid Trump’s tariff uncertainty and a weakening US dollar. Spot silver reached $35.90, with futures above $36. Gold prices have also surged due to trade policy uncertainty. The market for silver, valued at $2 trillion, is much smaller than gold’s $22 trillion, leading to higher price volatility. Silver has industrial uses, making it sensitive to supply-demand shifts as the US boosts domestic manufacturing. Silver is up 23% YTD, while gold has risen 29%. StoneX head warns of silver’s volatility, advising caution despite the surge.

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