Silver prices edged lower on Friday, after hitting their highest since October 2024, extending weekly gains to more than 2% as rising global trade tensions fueled demand for safe-haven assets.

On Wednesday, President Donald Trump announced a 25% tariff on all imported cars and light trucks, set to take effect April 2, along with reciprocal tariffs on countries that impose levies on U.S. goods—actions he has vowed to continue throughout his second term. The tariffs have raised concerns about collections, adding pressure on economic growth while helping to revive inflation.

Source: Newsmaker.id