Silver (XAG/USD) has rebounded, maintaining its position above $33.50. During Asian trading hours on Thursday, the metal trades around $33.70 per troy ounce. Silver gains momentum as investors flock to safe-haven assets amidst rising concerns following the US auto tariff announcement. This announcement sparked fears of potential retaliatory measures from affected countries.

Investors are turning to silver, reflecting unease in the broader market. The ongoing geopolitical tensions and economic uncertainty drive demand for precious metals. With the current trading conditions, silver seems poised to benefit from its status as a protective asset in turbulent times.

As the situation evolves, market participants are keen to monitor further developments around tariffs and their implications for global trade. Should these tensions escalate, we may witness additional gains for silver as the market seeks shelter from the storm.