Silver rose to around $115 per ounce on Wednesday, marching toward fresh record highs as investors flocked to safe-haven metals following a sharp dollar decline. US President Donald Trump’s comments that he is unconcerned about the dollar’s recent drop, now in its weakest in four years, reinforced expectations that the administration is comfortable with a weaker greenback to support export competitiveness. Policy uncertainties in Washington, including Trump’s tariff threats against other nations and attacks on the Federal Reserve’s independence, further underpinned the rally in precious metals. In China, a pure-play silver fund suspended trading after surging demand pushed its premium well above the value of its underlying assets. Silver has seen robust interest from retail investors in China as prices kept rallying, with manufacturers shifting production from jewelry to 1 kilogram silver bars.
