The soaring price of copper has even dwarfed the precious metal silver, at least for a certain period of time. Tariff concerns and other drivers suggest that the rise in copper prices may be more sustainable than the crazy rise in silver, but there is also a significant risk of a pullback. Part of the driving factor behind the trend in copper prices is that Trump may impose tariffs on refined copper in mid-2026. This factor is a warning for investors who remain convinced that Trump's will to disrupt global trade will not have a lasting impact. Although the US and other economies have emerged from the initial impact of equal tariffs, there are still signs of a pattern of weakness and stagflation.

The soaring price of copper has even dwarfed the precious metal silver, at least for a certain period of time. Tariff concerns and other drivers suggest that the rise in copper prices may be more sustainable than the crazy rise in silver, but there is also a significant risk of a pullback. Part of the driving factor behind the trend in copper prices is that Trump may impose tariffs on refined copper in mid-2026. This factor is a warning for investors who remain convinced that Trump's will to disrupt global trade will not have a lasting impact. Although the US and other economies have emerged from the initial impact of equal tariffs, there are still signs of a pattern of weakness and stagflation.