FX.co ★ Silver Holds Steady

Silver prices remained steady around $33 per ounce on Tuesday, following a recent decline, as investors sought clarity on US-China trade relations and awaited significant US economic updates. China has reiterated its stance of not being engaged in trade discussions with the United States, contradicting statements made by President Donald Trump. In the meantime, US Treasury Secretary Scott Bessent mentioned that several key trading partners have made "very good" tariff proposals, and a trade agreement with India might soon be announced. Bessent also pointed out China's decision to exempt certain US goods from retaliatory tariffs as a positive signal towards easing tensions. Investors are now turning their attention to Wednesday's releases of first-quarter GDP figures and the Federal Reserve's preferred PCE inflation gauge, along with Friday's April jobs report, for more information on the Federal Reserve's policy outlook.