Trump's tariffs and a strong dollar could impact silver in 2025, but industrial demand and supply deficit should drive prices higher – Silver Institute's DiRienzo
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The Silver Institute's DiRienzo suggests that while Trump's tariffs and a strong dollar could impact silver in 2025, industrial demand and a supply deficit are expected to drive prices higher.

December 03, 2024 | 10:00 pm
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ISVLF may see price increases in 2025 due to expected higher silver prices driven by industrial demand and supply deficits, despite potential negative impacts from tariffs and a strong dollar.
The article suggests that while tariffs and a strong dollar could negatively impact silver, the overall expectation is for higher prices due to industrial demand and supply deficits. This is likely to positively impact ISVLF, which is related to silver.
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