Silver fell nearly 1% to around $33.3 per ounce on Thursday in a likely technical correction after surging more than 3% in the previous session to a three-week high.
The white metal continued to diverge from gold, reflecting its hybrid nature as both a precious and industrial metal—making it more sensitive to shifts in macroeconomic sentiment and trade developments. Recent market moves were shaped by evolving U.S.-China trade signals.
While the Trump administration is reportedly considering tariff cuts pending talks with Beijing, China has conditioned its participation on a pause in U.S. threats.
Still, optimism cooled after Treasury Secretary Scott Bessent clarified that no unilateral cuts have been proposed and formal talks have not yet begun.
Source: Trading Economics
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