FX.co ★ Silver Stabilizes as Markets Digest Trade Uncertainty

Silver prices have stabilized above the $30 per ounce mark as of Tuesday, following a period of heightened volatility. This comes as investors continue to grapple with evolving global trade dynamics and their implications for economic and inflation forecasts. Last week, the metal faced downward pressure amidst a broad risk-off sentiment, driven by fears of a tariff-induced global recession that sparked widespread asset sell-offs. Investor sentiment has since improved moderately after U.S. President Donald Trump expressed a readiness to enter into trade negotiations with key partners, fueling optimism about a possible de-escalation of global trade tensions. U.S. Treasury Secretary Scott Bessent noted that nearly 70 countries have contacted the White House to discuss tariff relief. In the meantime, Trump has threatened to levy an additional 50% tariff on Chinese goods unless Beijing reduces its duties on American imports, exacerbating concerns over global trade and commodity demand.