Silver Swings Wildly After Trump Holds Back On Critical Mineral Tariffs: Dow Futures In The Green After Strong Tech Rally

Vishaal Sanjay Sun, January 18, 2026 at 3:31 AM GMT+9 2 min read

In this article: SI=F

^GSPC

^IXIC

TSM

U.S. stock futures are in the green on Thursday night, following a rally during the regular session, powered by the strong earnings performance of chipmaker Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM).

news-details

The S&P 500 Futures are up 0.15%, or 10.75 points, trading at 6,992.25, followed by Nasdaq Futures at 25,767.50, up 0.24%, or 63.25 points and finally Dow Futures, trading at 49,667.00, up 0.06% or 28 points.

Silver prices witnessed a steep pullback on Thursday, after President Donald Trump opted to hold off on imposing tariffs on critical minerals, deciding to work with trading partners instead.

Fast Company Calls It a ‘Groundbreaking Step for the Creator Economy' — Investors Can Still Get In at $0.85/Share

Missed the AI Boom's Biggest IPOs? This Platform Lets Everyday Investors Access Private Tech Early

The precious metal dropped nearly 7% during the day, before mounting a recovery and currently trades 2.42% below its all-time high of $93.50 per ounce earlier this week, at $91.23. Silver, tracked by the iShares Silver Trust (NYSE:SLV) is still up nearly 17% over the past five days.

COMEX Silver March futures are down 1.21% on Thursday night, trading at $91.185 per ounce.

Asian markets opened lower on Friday, with Japan’s Nikkei 225 down 0.42%, trading at 53,881.66, with ecommerce and logistics stocks leading the decline.

See Also: Bezos' Favorite Real Estate Platform Launches A Way To Ride The Ongoing Private Credit Boom

TSMC’s strong fourth-quarter performance has led to a rally in other Asian chipmakers, with the Taiwan Weighted Index up 1.36% in early trade, at 31,229.18.

The U.S. Dollar Index (DXY) is flat, up just 0.02%, trading at $99.170 after Trump ruled out Fed Chair Jerome Powell’s dismissal on Thursday.

Investors on Friday will be closely watching the earnings of PNC Financial Services Group Inc. (NYSE:PNC) and State Street Corp. (NYSE:STT), along with the speeches of Fed Presidents Susan Collins and Tom Barkin, followed by Vice Chair Philip Jefferson and Vice Chair for Bank Supervision Michelle Bowman.

Americans With a Financial Plan Can 4X Their Wealth — Get Your Personalized Plan from a CFP Pro

It’s no wonder Jeff Bezos holds over $250 million in art — this alternative asset has outpaced the S&P 500 since 1995, delivering an average annual return of 11.4%. Here’s how everyday investors are getting started.

Photo: Oselote from Shutterstock

UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets.

Get the latest stock analysis from Benzinga:

APPLE (AAPL): Free Stock Analysis Report

TESLA (TSLA): Free Stock Analysis Report

This article Silver Swings Wildly After Trump Holds Back On Critical Mineral Tariffs: Dow Futures In The Green After Strong Tech Rally originally appeared on Benzinga.com

Why retirement may be harder to reach for many older Americans in 2026

Northern Lights Forecast: 10 States Could See Aurora Borealis Saturday And Sunday