Silver Price Soars: XAG/USD Climbs Above $38.50 Amid Increased Demand
The silver price (XAG/USD) attracted attention as it climbed above $38.50, marking the highest level since 2011 during Asian trading hours. This surge followed a rush in demand as U.S. President Donald Trump imposed trade tariffs on copper, compelling importers to pivot towards silver. As market dynamics shift, the demand for silver has intensified, suggesting traders should keep a close watch on the momentum and potential price fluctuations in response to the evolving situation in global trade.