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Silver Prices Hit 13-Year High on US Tariff Increase

Published: Jun 5, 2025 20:12
As of 8:00 PM Beijing time on June 5, 2025, LMBA spot silver prices reached 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 silve

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.

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