Silver climbed 2% to trade above $86 per ounce on Monday, extending gains to a fourth session as renewed tariff tensions boosted demand for safe-haven assets. US President Donald Trump raised a global levy from 10% to 15% following the US Supreme Court’s rejection of his “reciprocal” tariffs. Meanwhile, Europe’s trade chief said Sunday he would seek to suspend ratification of a trade agreement with the US, while India delayed talks aimed at finalizing an interim deal with Washington. However, US Trade Representative Jamieson Greer stated that existing trade arrangements with key partners, including China, the EU, Japan and South Korea, would remain in effect. Investors also grappled with growing fears that the Trump administration could initiate military action against Iran amid stalled nuclear negotiations, although diplomats are set to reconvene in Geneva on Thursday. Silver and other metals may see higher trading volumes this week as Chinese markets reopen following a long holiday.
