-
Amid revived trade doubts after a US Supreme Court tariff setback, silver holds early gains near $86.50
Silver (XAG/USD) rose 2.13% to about $86.50 in Monday’s European session, supported by uncertainty over US trade policy. This followed a US Supreme Court ruling against President Donald Trump’s tariff approach. The court said Trump overstepped his authority by using the International Emergency Economic Powers Act (IEEPA) to support tariffs. It blocked so-called reciprocal tariffs and called them “illegal”. After the ruling, the US Dollar weakened. The US Dollar Index (DXY) was down 0.35% at about 97.45, which can support dollar-priced metals. Geopolitical risk also added support as US-Iran tensions continued ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From cnbc.com | Feb 23, 2026
The U.S. Supreme Courts decision to strike down President Donald Trumps sweeping tariffs has strengthened Chinas hand ahead of a summit with his counterpart Xi Jinping, where Beijing is expected to push for reduced U.S. support for Taiwan, analysts said. In a ruling Friday, the court said Trump wrongfully invoked the International Emergency Economic ...
The European Union froze ratification of its US trade deal until President Donald Trump solidifies his upended tariff plans, injecting economic turbulence into an already strained relationship. EU lawmakers on Monday suspended legislative work on approving the deal. The move came days after the US Supreme Court struck down Trumps use of an emergency-powers ...