Silver falls back, impacted by profit-taking and easing concerns over tariffs.

After hitting a new high on Wednesday, the price of silver fell back as the United States postponed immediate tariffs on key mineral imports, easing concerns about supply. After a review of the impact of certain imported products on U.S. national security that lasted several months, the Trump administration did not impose tariffs on key minerals, but instead stated that they are negotiating with trade partners to reduce the country's dependence on other nations, while not ruling out the possibility of future tariffs. In early trading, silver futures fell 2% to $89.53 per ounce. Mitsubishi UFJ analyst Soojin Kim said, "The earlier rise in metal prices was supported by geopolitical and economic uncertainties, which boosted demand for hard assets, but the tariff suspension has given the market a reason to take profits and reassess recent price pressures."