Silver jumps over 3% globally

Silver prices surged on Monday (Febraury 23), with bullion hitting multi-week highs as investors sought safety amid renewed uncertainty over US trade policy and geopolitical risks.

Spot gold rose 1.1% to $5,161.64 per ounce in early trade, after touching its highest level since January 30.

US gold futures for April delivery climbed 2% to $5,183 an ounce. Silver outperformed, jumping 3.1% to $87.20 per ounce, a more than two-week high.

The gains followed a landmark ruling by the Supreme Court of the United States, which struck down sweeping tariffs imposed by President Donald Trump under emergency powers. The decision injected fresh uncertainty into global markets. Shortly after the ruling, Trump said he would raise a temporary tariff on U.S. imports from 10% to 15%, adding to the policy ambiguity.