Silver prices climbed on Tuesday, holding above USD 85 per ounce and remaining near all-time highs.
The rally is supported by renewed concerns over the Federal Reserveโs independence and heightened geopolitical tensions.
Legal action targeting Fed Chair Jerome Powell raised alarms about political interference in monetary policy.
While top Republican lawmakers have since called for a swift resolution to the case, investor sentiment remains cautious. Any perceived erosion of the Federal Reserve’s autonomy is likely to fuel safe-haven flows.
Geopolitical tensions have also intensified, with the White House threatening 25% tariffs on any country doing business with Iran. Simultaneously, the situation in Greenland and ongoing tensions in Eastern Europe and other regions stoked fears of further instability.
Looking ahead, inflation data due later today could prove pivotal. Signs of disinflation may reinforce dovish expectations for 2026, while a negative surprise could cap near-term gains.
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