FX.co ★ Silver Climbs for Second Straight Session

Silver prices increased to over $31 per ounce on Thursday, marking the second consecutive session of gains as commodities experienced a rebound following President Trump's policy shift on reciprocal tariffs. Trump has temporarily reduced the tariff rates on imports from various US trading partners to 10% for a 90-day negotiation period. However, China, the leading consumer, continues to face a significant 125% tariff due to ongoing trade tensions between Washington and Beijing. This persistent geopolitical and economic unpredictability continues to bolster demand for safe-haven assets. In the latest Federal Open Market Committee meeting minutes, many officials voiced concerns about the potential risk of stagflation. They also highlighted potential implications of Trump's trade policies on the Federal Reserve’s dual objectives of maintaining price stability and maximizing employment. The forthcoming US inflation data will be closely monitored for additional insights into price dynamics and will play a crucial role in shaping expectations for future Federal Reserve policy decisions.