Silver (XAG/USD) is trading around $34.00 on April 2 as traders digest a volatile cocktail of geopolitical friction, U.S.-China tariff threats, and a surge in demand for hard assets on Liberation Day—a symbolic flashpoint in Asia that has historically triggered commodity market volatility. The precious metal has staged a fierce rally since mid-March, climbing from below $30 to briefly tap $34.48—its highest level since late 2023. With gold nearing record highs ( 3,164) and risk assets wobbling, silver’s dual identity as both an industrial metal and inflation hedge is pulling in capital from both sides of the macro ... (full story)