FX.co ★ Silver Holds Lower as Dollar Strength Weighs

Silver prices stabilized at approximately $36.60 per ounce on Friday, poised for a weekly decline of around 4%, largely due to the robust performance of the U.S. dollar. The dollar's strength was bolstered by heightened trade tensions following President Donald Trump's reiteration of a 10% global tariff and the introduction of reciprocal tariffs of up to 41% on nations lacking finalized trade agreements. Investors remained on edge ahead of the July U.S. jobs report, anticipated to influence the Federal Reserve's forthcoming policy decisions. On Thursday, core Personal Consumption Expenditures (PCE) prices—regarded as the Fed's preferred measure of inflation—increased by 0.3% in June, marking a 2.8% rise on a year-on-year basis. This development further complicated the potential for a rate cut in September. In a separate development, President Trump renewed his criticism of Federal Reserve Chair Jerome Powell for delaying rate cuts, ending a temporary lull between the White House and the central bank.