Silver prices (XAG/USD) rose in European trading hours on Wednesday (3/12), the highest level seen in more than two weeks. The white metal strengthened as deepening fears of a slowdown in the United States (US) economy have weakened the US Dollar (USD).

Investors expect the US economy to be exposed to recession as President Donald Trump's tariff policies could weigh on consumer demand in the near term, assuming the tariffs will be inflationary.

Fears of a US recession increased after comments from US Commerce Secretary Howard Lutnick in a CBS interview on Tuesday suggested that the President's policies were useful despite concerns that they could lead to a recession.

Source: Newsmaker.id