Silver prices hovered around $33 per ounce on Tuesday, stabilizing after a recent pullback as investors awaited clarity on US-China trade relations and key US economic releases.
China reiterated that it is not engaged in trade talks with the US, countering claims made by President Donald Trump. Meanwhile, US Treasury Secretary Scott Bessent said several major trading partners have made "very good" tariff proposals, and a trade agreement with India could be announced soon.
Bessent also noted that China's move to exempt certain US goods from retaliatory tariffs signaled a willingness to ease tensions. Investors now look ahead to Wednesday's releases of first-quarter GDP figures and the Fed's preferred PCE inflation gauge, as well as Friday's April jobs report, for further insight into the Federal Reserve's policy outlook.
Source: Trading Economics
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