Silver Hovers Near 14-Year High

Silver prices held above $39 per ounce on Wednesday, hovering near their highest level since 2011, as a softer US dollar and lower Treasury yields continued to boost demand for precious metals.

Investors also reacted to the latest trade developments after US President Donald Trump announced a new trade agreement with Japan, which includes a 15% tariff on Japanese exports to the US. Treasury Secretary Scott Bessent added that the current tariff truce with China will likely be extended, with US and Chinese officials scheduled to meet in Stockholm next week to continue negotiations.

Meanwhile, Trump renewed his criticism of Federal Reserve Chair Jerome Powell, accusing him of keeping interest rates too high and declaring that “he will be out in eight months” — comments that added to market uncertainty surrounding US monetary policy.