Silver Prices Hit 13-Year High on Trump Tariff Hike

Published: Jun 5, 2025 20:10

Save

As of 8:00 PM Beijing time on June 5, 2025, LMBA spot silver prices hit a high of $35.933 per ounce, marking a new high in over 13 years. According to foreign media reports, silver prices surged strongly after the Trump administration announced an increase in steel and aluminum tariffs from 25% to 50%. This news reignited market concerns that the US government might implement similar trade protection measures on other key metals, such as silver, thereby fueling bullish sentiment in the silver market. There was significant long position building in the silver futures market, and the total open interest in silver futures surged by $2.8 billion, representing the largest two-day increase in the past year.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

4 mins ago

Danantara Begins $5.8B Aluminum Smelter Project in West Kalimantan

[SMM Aluminum Express News] Danantara officially began construction on a major aluminum smelter and alumina refinery (SGAR) in Mempawah, West Kalimantan, on February 6, 2026. The total investment is Rp 87.7 trillion. The project, managed by Inalum and Antam, will have a 1-million-ton annual capacity.

4 mins ago

17 hours ago

2026 Arrangements for Secondary Aluminum Alloy Enterprises During Chinese New Year Break [SMM Analysis]

[SMM Analysis]2026 Arrangements for Secondary Aluminum Alloy Enterprises During Chinese New Year Break [SMM Analysis]

17 hours ago

18 hours ago

Costs Drag Down Supply-Demand Pressure, Aluminum Auxiliary Material Prices Under Pressure and Weaken [SMM Analysis]

18 hours ago