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13.01.202603:55:01UTC+00Silver Holds at All-Time Highs

Silver prices remained above $85 per ounce on Tuesday, nearing all-time highs. This surge was fueled by emerging concerns over the independence of the US Federal Reserve, ongoing geopolitical tensions, and resurfacing trade worries, which have collectively heightened the appeal of safe-haven metals. The situation intensified as US federal prosecutors issued a threat to indict Fed Chair Jerome Powell over his congressional remarks regarding a renovation project, thereby casting doubts over the central bank's autonomy. This comes amidst pressure from the Trump administration on the Fed to lower interest rates, with Powell interpreting the threat as an attempt to sway monetary policy. Investors were also closely observing rising protests in Iran, sparking fears of possible US intervention, compounded by President Trump’s remarks about annexing Greenland. Furthermore, Trump issued a stern warning that any country engaging in trade with Iran would face a 25% tariff on all transactions with the United States.

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