Silver prices reached a one-week high, gaining up to 1.9% and marking a third consecutive day of increases.
This rally was driven by a weakening dollar, which hit a three-month low as Germany announced plans to boost spending and loosen borrowing restrictions.
Adding to silver’s appeal are growing concerns about global trade wars following President Trump’s warning about potential economic pain from his tariff policies. These factors combined to strengthen precious metals’ status as safe-haven assets.