In a powerful market-moving post, former U.S. President Donald Trump sent shockwaves through the metals market after announcing import tariffs on copper. His Truth Social message wasn't subtle — calling out past U.S. leadership and strongly advocating for the defense-critical role of copper. Within hours, copper prices skyrocketed over 10%, reflecting investor recognition of its indispensable role across semiconductors, military systems, data centers, and green technologies.
But here’s where it gets even more interesting — silver could be next in line for a massive move.
What Trump Said About Copper
“Copper is necessary for Semiconductors, Aircraft, Ships, Ammunition, Data Centers, Lithium-ion Batteries, Radar Systems, Missile Defense Systems, and even, Hypersonic Weapons... Copper is the second most used material by the Department of Defense!”
With these words, Trump made it clear: industrial metals are national security assets. If copper is strategic — silver, with its cross-industry application and tighter supply, could be an even bigger beneficiary of global protectionism and inventory hoarding.
Silver: The Quiet Winner Waiting to Break Out
We’ve been tracking silver closely here at Samco — and our previous SAMShots dated June 3 and June 18 pointed out the development of a Cup and Handle formation on the weekly and yearly charts.
Now? That very same bullish pattern is visible on the intraday chart — and the metal is once again knocking on resistance levels near $37.20. A successful breakout above this neckline could unleash a massive upside rally, potentially fueled by:
- Physical supply shortages
- Export restrictions (China did it for rare earths — could silver be next?)
- Policy-driven hoarding by nations seeking industrial and military readiness
Chart Setup: Cup and Handle in Action
The intraday chart of Silver shows a textbook Cup & Handle formation — a pattern known for strong breakouts once the neckline is breached. With prices testing the previous highs, a strong move past $37.20 could trigger momentum buying and short covering, sending silver into a new bullish orbit.
Supply Crunch Is Real
Silver is already in structural deficit — meaning demand outstrips supply globally. If the U.S. or other countries follow Trump’s copper model and impose tariffs, bans, or stockpiling measures, silver prices could go parabolic.
Final Word: How Much Silver Do You Own?
At this point, it’s not about whether you should own silver — it’s about how much.
With:
- Geopolitical tensions rising
- Silver use increasing across EVs, solar panels, electronics, and defense
- A potential policy-led squeeze in industrial metals
Silver could be one of the smartest hedges and high-potential investments in 2025.
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