Silver Pulls Back on Easing Trade Tensions
Silver prices fell to approximately $32 per ounce on Monday, ending a three-day uptrend as reduced trade tensions diminished the appeal of safe-haven assets. This decline came after U.S. President Donald Trump decided to exempt significant technology products from recently announced "reciprocal" tariffs, which improved global market sentiment. China's Commerce Ministry described the exemptions as a "small step," while urging the U.S. to entirely eliminate the broader 145% tariff on Chinese goods. Attention is now turning to forthcoming trade discussions between the U.S. and key partners, including Japan, India, and South Korea. The price of silver had risen by more than 8% over the previous three sessions as heightened trade tensions and concerns regarding the U.S. economic outlook led investors to seek alternative assets. Additionally, weak U.S. economic data has strengthened expectations of further rate cuts from the Federal Reserve, contributing to the metal's recent rally.
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