Silver prices stabilized around $32.90 per ounce on Wednesday, following recent volatility as investors awaited clarity on US-China trade relations and key US economic data. While it remains uncertain whether formal negotiations are ongoing, both Washington and Beijing have signaled a willingness to ease tensions amid growing concerns over the trade war's economic fallout. Adding to the cautious sentiment, Chinese manufacturing activity contracted more than expected in April, suggesting slowing industrial demand. Meanwhile, markets are bracing for the release of the March PCE price index—seen as the Federal Reserve's preferred inflation gauge alongside preliminary first-quarter US GDP data, both of which could influence the Fed's policy outlook.

Source: Trading economi