Silver Prices Rise Amid Interest Rate Speculations and Critical Mineral Status

Silver prices have experienced a significant increase, driven by diminished expectations for U.S. interest rate cuts and its recent classification as a critical mineral by the U.S. Department of the Interior. According to NS3.AI, this designation could lead to potential tariffs on silver, which may tighten supply and prompt U.S. importers to expedite their purchases. Additionally, retail investors are turning to silver as a more cost-effective safe-haven investment compared to gold, which is currently at historically high prices.