A number of precious metal HTSUS codes were added to Annex 2 (tariff-free regardless of origin). A new Annex 3 introduces conditional exemptions tied to reciprocal trade agreements.

Silver leads global assets in 2025, surging 40% on bets of a Fed cut, tight supply, and geopolitical tensions.
Experts expect US retail demand to slow down, with a tug-of-war between profit takers and trend followers.

A historic price for the world’s oldest safe-haven asset signals waning confidence in the dollar and mounting pressure on the Fed.