Silver prices have surged, reaching levels not seen in over a decade, while gold also experienced a jump amidst renewed trade tensions spurred by U.S. President Donald Trump's tariff announcements. On July 11, 2025, silver rose to $37.18 USD/t.oz, a 0.44% increase from the previous day. This surge reflects a broader trend, with silver's price rising 2.32% over the past month and an impressive 20.82% compared to the same time last year.
The rise in precious metal prices can be attributed to several factors. President Trump's recent tariff announcements, including a 35% tariff on Canadian imports starting August 1 and hints of 15-20% blanket tariffs on most U.S. trading partners, have created uncertainty in the global market. These trade tensions often drive investors towards safe-haven assets like gold and silver. In addition, Trump announced a 50% levy on Brazilian goods effective August 1, citing unfair trade practices. The U.S. also imposed a 50% tariff on copper imports and threatened duties of up to 200% on pharmaceutical products.
Silver's rise is also supported by its industrial demand. The metal is a key component in semiconductors, solar panels, and other clean-energy technologies, sectors that continue to attract substantial global investment. This dual role as a precious metal and an industrial component makes silver particularly attractive to investors.
Gold has also seen positive movement, rising to $3,331.81 USD/t.oz on July 11, 2025, a 0.23% increase from the previous day. While gold's price has fallen 1.60% over the past month, it remains 38.19% higher than a year ago. Like silver, gold benefits from safe-haven demand during times of economic and political uncertainty. Moreover, expectations of future interest rate cuts and consistent central bank gold purchases provide support for strong prices.
However, a strengthening U.S. dollar and rising bond yields can potentially limit gold's gains in the short term. Despite this, the overall sentiment remains positive, with analysts estimating gold to trade at $3383.27 USD/t oz. by the end of the quarter and $3531.69 in 12 months.
Bullion Rates in Your City
It is important to note that the rates below can vary slightly depending on the specific local market and vendor.
These rates reflect the broader trends of rising precious metal prices amid global trade uncertainties and strong industrial demand. Investors and consumers are advised to monitor these fluctuations closely, as they can significantly impact investment strategies and retail markets.
