Silver Holds Near 3-Month High
Silver remained above $32 per ounce on Thursday, staying near a three-month high reached in the previous session, as the dollar retreated sharply following easing concerns about a global trade war potentially driving inflation.
The US and China have taken a cautious approach to tariffs, with US President Donald Trump and Chinese President Xi Jinping set to discuss trade developments and possibly reach an agreement to reverse some of the existing tariffs. This development reduces the risk of higher US inflation, leading markets to maintain expectations of two rate cuts from the Federal Reserve this year.
On the supply side, the Silver Institute recently forecast a fifth consecutive year of significant market deficits for silver in 2025, driven by strong industrial demand and robust retail investment. These factors are expected to outweigh weaker consumption in jewelry and silverware.
Sumber : Trading Economics