29.01.202615:59:52UTC+00Silver Drops Over 6% After Record High

Silver experienced a significant decline of over 6%, settling at $110 per ounce on Thursday. This marked a pullback from its recent peak of nearly $120, as investors opted to secure their gains. The previous surge in silver prices had been fueled by diminishing confidence in US assets, especially after President Trump dismissed concerns over the dollar reaching a four-year low amidst looming tariff threats and criticism directed at the Federal Reserve. Concurrently, the Fed decided to maintain interest rates, highlighting the resilience in economic activity and initial signs of stabilization in the labor market, although it acknowledged that inflation continues to be high and the economic outlook remains uncertain. Geopolitical tensions persisted, particularly with Iran's stern warning of an unprecedented response following recent threats from President Trump. Heightening the tension further, the European Union officially designated Iran's Islamic Revolutionary Guard Corps (IRGC) as a terrorist group, while reports surfaced of increased US military activity near Iran and Tehran's announcement of conducting live-fire drills in the Strait of Hormuz.