{"id":26240,"date":"2025-07-11T06:59:32","date_gmt":"2025-07-11T06:59:32","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=26240"},"modified":"2025-07-11T06:59:32","modified_gmt":"2025-07-11T06:59:32","slug":"silver-surges-to-13-year-high-as-trade-war-escalates","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-ca\/analysis\/silver-surges-to-13-year-high-as-trade-war-escalates\/","title":{"rendered":"Silver Surges to 13-Year High as Trade War Escalates"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1408\" height=\"768\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/Image_fx-2025-07-11T145638.997.png\" alt=\"\" class=\"wp-image-26243\" \/><\/figure>\n\n\n\n<p><strong>Key Points:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Silver breaks $37.40, its highest level since 2011<\/li>\n\n\n\n<li>Tariff hikes on Canada, Brazil, and others drive haven flows<\/li>\n\n\n\n<li>US dollar strength and Fed rhetoric cap short-term gains<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p>Silver prices soared above $37.40 per ounce on Friday, notching their highest level in over 13 years, as the global flight to safety accelerated. The move came in direct response to President Donald Trump\u2019s <a href=\"https:\/\/t.co\/Z0usEoZ1Wi\" target=\"_blank\" rel=\"noopener\" title=\"\">sweeping tariff agenda<\/a>, which now includes 35% tariffs on Canadian imports, blanket 15%\u201320% tariffs under consideration for most trading partners, and 50% levies already confirmed for Brazilian goods and copper imports<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Brazil has few exit routes from Trump tariff but feels less pain <a href=\"https:\/\/t.co\/Xq163mxlvi\">https:\/\/t.co\/Xq163mxlvi<\/a> <a href=\"https:\/\/t.co\/Xq163mxlvi\">https:\/\/t.co\/Xq163mxlvi<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1943457759845859331?ref_src=twsrc%5Etfw\">July 10, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The White House also <a href=\"https:\/\/t.co\/OLcNUqlio3\" target=\"_blank\" rel=\"noopener\" title=\"\">issued tariff warnings to Japan<\/a><strong>, South Korea<\/strong>, and several smaller nations this week. These aggressive measures rekindled fears of global trade contraction, sending tradersinto defensive assets like silver and gold.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>Silver has rebounded sharply from a $3,311 intraday low to close at $3,319.48, recovering into a congestion zone at $3,320\u2013$3,325 (mid-term resistance) following a breakout of the descending 5\/10 MA. The moving averages are realigning bullishly\u20145\u2011MA has crossed above the 10\u2011MA and is trending toward the 30\u2011MA\u2014signaling upward momentum.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/image-10.jpg\" alt=\"\" class=\"wp-image-26241\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: Momentum building heading toward $3,360, as seen on the <a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\" target=\"_blank\" rel=\"noopener\" title=\"\">VT Markets app<\/a><\/em><\/p>\n\n\n\n<p>The MACD has flipped positive, with the histogram moving above zero, reinforcing the short\u2011term bullish bias. However, the consolidation just below the $3,335 resistance hangs like a ceiling, with room for either a breakout or a pullback.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Momentum Intact, but Headwinds Remain<\/h2>\n\n\n\n<p>With safe-haven appetite firmly in play, silver may continue to rally if geopolitical risk and tariff uncertainty persist. However, strength in the US dollar and the <a href=\"https:\/\/t.co\/uUgQeeuGTS\" target=\"_blank\" rel=\"noopener\" title=\"\">Fed\u2019s hawkish leanings<\/a> could temper the pace of gains. If silver breaks above the <strong>$37.50<\/strong> zone with volume confirmation, a push toward <strong>$38.00<\/strong> remains plausible.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Create your live VT Markets account<\/a> and <a href=\"https:\/\/myaccount.vtmarkets.com\/login?_gl=1*5vyjdn*_gcl_au*Njc1MzM0NjY0LjE3NTEzNTM4MTc.*_ga*MjA5ODA0NDIzNC4xNzI3OTE1ODQ1*_ga_J26NL1ZVX7*czE3NTE4NzkxMDYkbzMwOCRnMSR0MTc1MTg3OTExOCRqNDgkbDAkaDA.*_ga_6XQ8153GYW*czE3NTE4NzkxMDgkbzU3JGcxJHQxNzUxODc5MTE4JGo1MCRsMCRoMA..*_ga_BG6LYEHPX1*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMTgkajUwJGwwJGgw*_ga_J8BRGZSREX*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_7CG6454YR5*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_69Z54R4H9N*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_CY2VCKFC3C*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_TXZ07R2C21*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_17TMGY9BBE*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_MWDVVSEVL5*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_2QCC3S2748*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_E7D2PCX624*czE3NTE4NzkxMjYkbzUkZzAkdDE3NTE4NzkxMjYkajYwJGwwJGgw*_ga_XJ4037XKK6*czE3NTE4NzkxMjYkbzUkZzAkdDE3NTE4NzkxMjYkajYwJGwwJGgw*_ga_EJCVQDC7VT*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjYkajQyJGwwJGgw\" target=\"_blank\" rel=\"noopener\" title=\"\">start trading<\/a> now.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Silver climbs to $37.40 amid Trump\u2019s global tariff escalation. Traders flock to safe-haven assets despite a firm dollar and cautious Fed stance. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":64,"featured_media":26243,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[14],"class_list":["post-26240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-silver"],"acf":{"acf_article_selection_author":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/26240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=26240"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/26240\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/26243"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=26240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=26240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=26240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}