Silver price today slides after tariff shake-up

Silver slipped 1.2% to $87.21 an ounce in early New York trade. Spot gold dropped 1.4%, landing at $5,158.24.

Markets are contending with a changing U.S. tariff environment, and that’s beginning to ripple through rates, currencies, and the usual safe-haven plays. The pullback comes on the heels of those shifts.

The U.S. slapped a provisional 10% tariff on all global imports on Tuesday, with the Trump administration pushing to bump that up to 15%, according to a White House official. “Trade uncertainty was unlikely to go away soon,” said Carsten Brzeski, ING’s global head of macro.

Sharp, headline-driven swings have already made that uncertainty clear.

U.S. stocks stumbled Monday as tariff tensions escalated, driving a rush into safe plays like gold and Treasuries; silver, too, jumped, Reuters’ “Trading Day” column reported.

Jim Wyckoff, senior analyst at Kitco Metals, called Tuesday’s drop “just a corrective pullback,” citing the stronger dollar’s pressure on dollar-priced bullion.