Silver rate today: White metal may touch $100/oz before sharp correction; experts warn of key risks

Key Highlights

• The pullback in silver prices came after the US refrained from imposing import tariffs on critical minerals.
• While President Donald Trump stopped short of announcing duties, he did not rule out levies in the future, keeping some uncertainty alive in the market.
• Despite the near-term correction, silver continues to draw support from its designation as a critical mineral due to its key role in solar energy, electric vehicles, and electronics.
• Analysts believe silver prices could see a sharp correction in the longer run.
• However, before that, the white metal may extend its rally towards the psychologically important $100 per ounce level, driven by a mix of fundamental and technical factors.