Silver hits over eight-week low as market frets about industrial demand [Yahoo! Finance]
State Street Corporation (STT)
Last state street corporation earnings: 4/17 07:38 am
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Source: Yahoo! Finance
precious metal dominated sentiment due to recession fears stemming from U.S. President Donald Trump's slew of tariffs. Silver typically tends to move alongside gold, but industrial uses such as electronics and photovoltaics account for more than half of global demand, estimated at around 700.2 million troy ounces as of 2024, according to the Silver Institute industry association. While gold, traditionally seen as a refuge from political and economic uncertainty, has touched multiple record highs this year, silver has struggled to break through the 12-year peak at $34.87 an ounce it hit on October 22, 2024. At $31.00 an ounce, silver has dropped nearly 9% since Trump's latest tariffs announcements on Wednesday. "I would expect silver to lag gold until there is more economic clarity and a resolution in trade and tariff risks, given silver's exposure to industrial activity and PMIs," said Aakash Doshi, global head of gold strategy at State Street Global Advisors. Trump's tariff
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STT
Earnings
- 10/20/25 - Beat
STT
Sec Filings
- 12/2/25 - Form 4
- 11/28/25 - Form 144
- 11/18/25 - Form 4
- STT's page on the SEC website