Both the silver futures and the silver spot price had crossed over the $51 level, although they have also sold off, and remain in positive territory on the day.
So far, silver and gold have been exempted from tariffs. However, some analysts think the critical mineral designation could put U.S. tariffs on silver back on the table.
Gold and silver prices are climbing again, reaching three-week highs overnight as traders digest signs that the U.S. government shutdown may finally be ending.
We may have a support zone near the 50-day MA. A break under $46 would send us down towards $43 which may be our ultimate target. Silver needs to regain above $52.60 to suggest new highs.
