Maroc - FINANCIALMIRROR.COM - A La Une - 22/Jan 13:43

Silver revisits $31 high as dollar extends downside

Silver (XAGUSD) reclaimed a more-than-a-month high of $30.95 in Wednesday’s European session, with the white metal strengthening as the US Dollar extends its downside due to less-fearful tariff plans announced by President Donald Trump in his first two days of administration. The DXY Dollar Index, which tracks the greenback’s value against six major currencies, refreshed a two-week low at 107.80. The lower US Dollar makes the Silver price inexpensive for investors, while the 10-year US Treasury yields tick lower to near 4.57%. Trump announced 25% tariffs on Mexico and Canada and is discussing 10% tariffs on China from February 1.