Stock Track | iShares Silver Trust Soars 5.01% Intraday as Safe-Haven Demand Surges Amid Trade Tensions

Stock Track

02/24

The iShares Silver Trust (SLV) surged 5.01% during intraday trading on Monday, reflecting a significant rally in silver prices.

The sharp increase was driven by heightened safe-haven demand among investors, following renewed trade tensions after former President Donald Trump announced plans to raise a global tariff to 15%. This move came after the U.S. Supreme Court struck down his earlier tariff measures, creating market uncertainty and weakening the U.S. dollar.

Analysts noted that the uncertainty surrounding U.S. trade policy and economic outlook has prompted investors to flock to precious metals like silver as a protective asset, supporting the metal's price and related exchange-traded funds.

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