Silver prices slipped nearly 1% to around $32.30 per ounce on Tuesday, as investors locked in profits following a strong rally in precious metals. The pullback came after recent gains driven by safe-haven demand amid rising fears over the global economic impact of escalating trade tensions. Market sentiment was weighed down by stalled US-China trade negotiations, with Beijing accusing Washington of abusing tariffs and cautioning other countries against one-sided deals. Meanwhile, President Donald Trump's calls for immediate interest rate cuts—and threats to remove Federal Reserve Chair Jerome Powell—heightened concerns over the Fed's independence and further eroded investor confidence in US assets. Despite the retreat, silver remains elevated, supported by broader uncertainty in financial markets and continued demand for hedges against geopolitical and policy risks.
Source: Trading economi
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