The conflicts between the USA and China – especially when it comes to tariffs – drive the demand for silver as a safe investment port.
Silver continues its profit series for the third time in a row. It is currently being traded on April 11, around $ 31.30 per troy ounce (31.1 grams). The precious metal wins because the US dollar becomes weaker. When the US tariffs first announced, the silver price initially broken into U 11 percent.
Investors’ demand for secure systems such as silver is heated up by the progressive trade voltages between the USA and China. On Thursday, the United States announced a significant increase in tariffs to Chinese imports to 145 percent – with a new delivery of 125 percent in addition to the existing tariffs of 20 percent. The step overshadowed the 90-day break from US President Trump when increasing tariffs for other countries. He increased concern about possible economic consequences of the overall situation between the USA and China. The attractiveness of silver contributed that the US inflation data was weaker than expected. The consumer price index (VPI) for March showed that the total inflation has dropped to 2.4 percent in the year.
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