Silver held onto earlier losses in the $33.60 an ounce range, after the Federal Reserve kept interest rates at 4.25%-4.5%, while signaling a potential cut of 0.5 percentage points in 2025. Despite economic uncertainty fueled by tariffs and President Trump's fiscal policies, silver remained near a five-month high as trade war concerns escalated.

Rental rates have surged amid shrinking stocks, especially in London, as silver flows to the U.S. to take advantage of higher prices. The shift has widened the price gap between major markets, with spot silver up 17% this year, outperforming other commodities.

Transfers of physical silver, especially from Canada and Mexico, have come under pressure from tariffs, which have further tightened supply. Growing fears of a "silver squeeze" could disrupt trading for months.

Source: Newsmaker.id