白银狂欢暂歇，特朗普暂未对关键矿产征关税，现货银价一度跌超7%

Core Viewpoint - The recent decision by the Trump administration to delay tariffs on key minerals, including silver and platinum, has led to a significant pullback in silver prices from record highs, with a drop of over 7% observed. This decision alleviates market concerns regarding comprehensive tariff measures, which had previously driven silver inventories to remain in U.S. warehouses, supporting a global short squeeze expected in 2025 [1][3][8]. Group 1: Market Reactions - Silver prices experienced a sharp decline after reaching a record high, with a drop of nearly 7.3% during trading, falling below $86.40 [4]. - Other metals, including gold, copper, and tin, also saw declines following silver's drop, with gold futures falling to $4584, a decrease of 1.1% [7]. - The recent volatility in silver prices is attributed to a combination of profit-taking by investors and the impact of the tariff delay, which has led to a reassessment of recent price pressures [11]. Group 2: Factors Influencing Silver Prices - The Trump administration's decision to pause tariffs is seen as a shift towards more targeted negotiations, which has eased concerns about potential supply disruptions in the silver market [8]. - Analysts highlight that the supply gap, industrial consumption, and spillover demand from gold will continue to support silver prices in the medium term, despite the need for caution in the short term due to rapid price movements [11]. - The strong performance of silver last year, with a nearly 150% increase, has attracted investor interest, particularly as industrial demand, especially from the solar sector, remains robust [9].