Silver prices stabilized above $30 per ounce on Tuesday, following a bout of heightened volatility as investors continued to navigate shifting global trade dynamics and their impact on economic and inflation expectations. The metal came under pressure last week amid broad risk-off sentiment, as fears of a tariff-induced global recession triggered a wave of liquidations across asset classes.
However, sentiment has since improved slightly after US President Donald Trump signaled a willingness to engage in trade negotiations with key partners, raising hopes for a potential easing of global trade tensions.
US Treasury Secretary Scott Bessent added that nearly 70 countries have reached out to the White House to discuss tariff relief. Meanwhile, Trump has threatened to impose an additional 50% tariff on Chinese goods unless Beijing lifts its duties on US imports—putting further strain on the outlook for global trade and commodity demand.
Source: Trading Economics
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