Silver borrowing costs reportedly surge on tariff-driven supply jitters

[Silver bullion]
marrio31

Surging lease rates for silver are once again upending the precious metals market, with traders fearing that possible U.S. tariffs could squeeze already tight supplies in London as price dislocations re-emerge between key trading hubs, according to a _Bloomberg News_ report.

Last month, Washington designated silver as critical to U.S. national security, raising concerns that its new status could attract scrutiny from President Donald Trump, who launched a probe into critical minerals in April.

That’s sent futures in New York above the international benchmark as traders price in the risk of silver getting hit with tariffs, and holders scramble to ship the white metal into the US to capture premiums, the report said.

Silver (XAGUSD:CUR [https://seekingalpha.com/symbol/XAGUSD:CUR]) has been trading above $40 for the first time in 14 years, leaving it up 43% year to date. The metal is up +0.9% on Monday.

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