Silver prices fell to $37,845 on Monday afternoon, pressured by easing geopolitical tensions after US President Donald Trump announced a meeting with Russian President Putin this week. The easing of global risks has reduced interest in safe-haven assets like silver.
However, expectations of a Fed interest rate cut remain supportive of the market. Weak US employment data increased the likelihood of a rate cut in September. Focus now turns to the release of US inflation data on Tuesday, which could trigger further silver movement.
At the time of writing, silver was down 1.33% at $37,860/Toz.
DISCLAIMER
Note: This article is only an analysis and not a definitive reference. Please consider fundamental and technical aspects of trading before making any investment decisions.
Source: Newsmaker.id
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