JP Morgan Metals Head Downplays Risk of US Silver and PGM Tariffs

An update released on October 6 by JP Morgan's head of precious metals trading focused on the likelihood of new trade barriers in the US. The official stated that import duties on silver and platinum group metals (PGMs) are becoming "less and less likely" according to his most recent assessment of the assets.

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Possible scenarios

50%Tariffs Are Shelved+0.0%
25%Narrow Tariff Action+0.0%
15%Broad Tariff Surprise-0.0%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

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Possible scenarios

50%Tariffs Are Shelved+0.0%
25%Narrow Tariff Action+0.0%
15%Broad Tariff Surprise-0.0%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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