FX.co ★ Silver Rises Ahead of Trump-Zelenskiy Talks

Silver experienced an uptick on Monday, surpassing the $38 per ounce mark. This gain helped recover some of the losses incurred the previous week, as investors shifted their focus to an important meeting in Washington between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy. The objective of this meeting was to advance efforts towards a peace agreement with Russia. President Trump expressed his intention to urge President Zelenskiy towards a swift resolution following his discussions with Russian President Vladimir Putin on Friday. Although a ceasefire breakthrough was not reached, President Putin consented to permit the U.S. and Europe to offer Ukraine substantial security assurances as part of a potential resolution to the conflict. Investors are also anticipating insights from the Federal Reserve’s Jackson Hole symposium this week regarding the future direction of interest rates. Current market estimates indicate an 84% probability of a 25 basis point rate cut in September. However, unexpectedly strong producer inflation and retail sales data have diminished the chances of a more substantial 50 basis point reduction.