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Silver Price CRUSHED Today! NO TARIFFS ON SILVER?!?
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In this video I talk about silver price getting crushed lower today. Silver price went down about 7% at one point going down over $2. That is a massive silver price drop and the biggest one we have seen all year. Gold price dropped slightly and this caused the gold silver ratio to explode higher. The gold silver ratio hit 97 and is nearing that barrier of 100 to 1. Will silver price continue to fall? Yesterday Trump announced more tariffs on countries around the world and the stock market fell. Not only did stocks and cryptos fall, but the dollar fell as well hitting a 6 month low. On top of all this the chances of a recession are going up which is not good for silver. The biggest impact on metals was the fact that bullion is exempt from tariffs! We have been wondering if bullion would get a tariff exemption and it is! According to the White House fact sheet bullion will not be subject to any reciprocal tariffs which were being priced in. This is the perfect storm to drive silver price lower. What will happen to silver price tomorrow?
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