Silver Prices Surge 2% as US Supreme Court Rules Against Trump’s Tariff Policy

Silver prices (XAG/USD) witnessed a significant rally during the European session, climbing 2.13% to trade near the $86.50 level. This surge follows a landmark ruling by the US Supreme Court against President Donald Trump’s proposed tariff policies. The judicial decision has effectively revived concerns over global trade stability and the future of US trade relations. Consequently, investors have turned to precious metals as a hedge against the renewed policy uncertainty and potential economic volatility. Market analysts suggest that the legal setback for the administration’s trade agenda has weighed on the US Dollar (DXY) outlook. Silver continues to benefit from its safe-haven status as traders reassess geopolitical risks in light of the court's decision.