Monday, 23 February 2026

TARIFF CHAOS: Is Silver Going to $92 or $50? (Exact Chart Targets)

Massive tariff uncertainty is rocking the markets, but could it trigger new all-time highs for precious metals? In this urgent market update, Chief Market Strategist Gareth Soloway cuts through the media noise and breaks down the exact chart levels you need to watch for Gold and Silver. Video by Gareth Soloway.

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Global Reactions

-European Union & UK: Officials have warned that existing trade deals are at risk. German Chancellor Friedrich Merz called the constant shifts "poison" for the economy.

-Emerging Markets: India and Brazil are viewed as "winners" of the court ruling as their specific high-rate IEEPA tariffs are replaced by the flatter 15% surcharge, though India has delayed trade visits to reassess.

-Supply Chains: Industries like electronics and automotive, which heavily rely on imported components, face renewed cost pressures and planning "mayhem".

Sector & Asset Impact

-Safe Havens: Gold prices jumped 0.6% to $5,135 per ounce as investors sought stability.

-Currencies: The US Dollar slumped 0.4% as markets anticipated a drop in tariff-related revenue and complex refund processes for previously collected "illegal" duties.

-Equities: While some tech stocks like Amazon rose on the news of the initial ruling, broader market futures fell as the 15% global surcharge was announced.

-Fixed Income: The 10-year Treasury yield is under pressure as analysts warn that billions in required tariff refunds may necessitate higher debt issuance.

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