Silver prices steadied around $32.50 per ounce on Friday, following a volatile week as investors adopted a cautious stance ahead of high-stakes US-China trade negotiations scheduled for this weekend in Switzerland.
The upcoming talks will see Chinese Vice Premier He Lifeng meet with US Treasury Secretary Scott Bessent , as both sides seek to ease escalating tariff tensions.
The market is closely watching for any signals of de-escalation that could impact the broader commodity landscape.
Meanwhile, US President Donald Trump announced a preliminary trade deal with the UK—the first since the imposition of sweeping tariffs last month.
Elsewhere, US Federal Reserve Chair Jerome Powell reinforced a cautious monetary policy stance, warning of mounting risks to inflation and employment while dismissing calls for a preemptive rate cut to offset the economic fallout from tariffs.
Source: Trading Economics
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