Silver prices climbed above $36.50 per ounce on Thursday, snapping a three-day losing streak as a softer US dollar and a sharp decline in Treasury yields boosted demand for precious metals.
The moves followed minutes from the Federal Reserve's latest meeting, which showed most policymakers were open to cutting interest rates later this year.
Investors also navigated evolving global trade dynamics, with US President Donald Trump sending letters dictating new tariff rates on a total of 21 countries.
Moreover, Trump announced a 50% levy on Brazilian goods effective August 1, citing unfair trade practices. In addition, the US imposed a 50% tariff on copper imports and threatened duties of up to 200% on pharmaceutical products, though implementation for the latter is expected to be delayed.
Source: Trading Economics
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