Silver prices were steady around $30 an ounce on Wednesday (1/29), extending losses from the previous session as the dollar bounced back amid escalating tariff threats from U.S. President Donald Trump.
Trump unveiled plans to impose tariffs on imported chips, pharmaceuticals, steel, aluminum and copper in a bid to boost domestic production.
Traders also remained cautious ahead of a Feb. 1 deadline for the first round of tariffs targeting China, Mexico and Canada, as previously announced by the president.
Meanwhile, investors are preparing for this week's U.S. Federal Reserve policy decision, where it is widely expected to keep interest rates unchanged.
Source: Newsmaker.id
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