Silver remained above $89 per ounce on Thursday, staying near its highest levels in a month as US tariff uncertainties and geopolitical risks supported demand for safe-haven metals. The metal also drew support from a weaker dollar amid policy uncertainty in Washington, which dampened investor confidence in the reserve currency. On Wednesday, US Trade Representative Jamieson Greer indicated that tariff rates for certain countries could rise to 15% or higher from the recently imposed 10%, without providing additional details. President Donald Trump offered relatively muted tariff commentary in his State of the Union address but signaled no intention to alter course, even after the Supreme Court struck down his broad reciprocal tariffs. Geopolitical developments also influenced the market, with US and Iranian negotiators scheduled for the latest round of nuclear talks in Geneva later today, maintaining a cautious tone among investors.
