Silver jumped more than 5% on Friday to trade near $82 per ounce, lifted by a weaker US dollar after a Supreme Court ruling against global tariffs enhanced the metal’s appeal as both a safe haven and an industrial asset. The legal setback for the White House, coupled with rising US–Iran tensions, restored a risk premium that silver’s characteristic volatility has magnified.
Prices extended their rebound as markets digested mixed macro signals: a softer Q4 GDP print of 1.4% alongside a still-elevated 3% core PCE, which complicates the Federal Reserve’s rate outlook. FOMC minutes underscored this uncertainty, revealing a divided committee on the future policy path.
After a recent speculative blowoff and initially thin liquidity over the Lunar New Year, renewed participation as global markets reopen is adding fresh momentum. Technically, silver is consolidating above the $80 level, establishing a firmer base as it straddles its dual role as a crisis hedge and a key input for industrial applications in solar power and AI-related technologies.
Against the backdrop of a cooling economy, ongoing geopolitical strains, and a split FOMC, silver is now on course for a robust weekly gain.
