FX.co ★ Silver Holds Steady Ahead of Key US-China Trade Talks

Silver prices stabilized at approximately $32.50 per ounce on Friday, concluding a week of considerable volatility as investors exercised caution ahead of pivotal US-China trade discussions set to take place over the weekend in Switzerland. These crucial talks will feature the meeting of Chinese Vice Premier He Lifeng and US Treasury Secretary Scott Bessent, aiming to alleviate the rising tensions related to tariffs. The market is keenly observing for any indication of easing tensions that could influence the wider commodity market. Concurrently, US President Donald Trump announced a preliminary trade agreement with the UK, marking the first such development since last month's comprehensive tariffs were enacted. In other developments, US Federal Reserve Chair Jerome Powell reaffirmed a cautious approach to monetary policy, highlighting growing risks to inflation and employment and dismissing calls for a proactive rate cut to counteract the economic impacts arising from tariffs.