Silver prices in India surged to an all-time high on Friday, breaching Rs 1.11 lakh per kilogram in the spot market as traders ramped up safe-haven buying amid mounting global trade tensions and rising expectations of a dovish tilt from the U.S. Federal Reserve.
U.S. President Donald Trump’s tariffs announcement on Canada, and expectations of a dovish Fed, propelled spot silver prices to $37.19 per ounce. Global trade uncertainty and volatility in the dollar index will likely continue to impact precious metals.
