Silver prices eased to around $31 per ounce on Wednesday as concerns over the escalating Russia-Ukraine conflict began to subside. On Tuesday, silver briefly rose above $31.50 after Russia lowered its threshold for a potential nuclear strike.
However, market fears eased after Russian Foreign Minister Sergei Lavrov stated that the country would "do everything possible" to avoid nuclear war, and the US indicated it saw no reason to adjust its nuclear policy. Investors are now focused on upcoming remarks from US Federal Reserve officials, which could influence the dollar and, in turn, commodity prices.
In China, the People's Bank of China left key lending rates unchanged in line with expectations, offering no new signals that could impact demand in the world's largest consumer of metals.(Cay) Newsmaker.id
Source: Trading economi
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