"Silver prices fell sharply on Tuesday, retreating from last week's record highs as investors took profits following a rapid rally driven by tight supply conditions and macroeconomic tailwinds. The pullback comes as broader risk appetite improved, fuelled by easing US-China trade tensions and signs of progress in resolving the US government shutdown. President Donald Trump stated he expects to reach a "fair" trade agreement with Chinese President Xi Jinping during their upcoming meeting in South Korea, helping calm markets."
"Investors now turn their focus to Friday's key US inflation print, which could shape expectations ahead of next week's anticipated Federal Reserve rate cut. On the bright side, ETP holdings remain robust at 1.13 billion ounces and industrial demand continues to provide a floor. The global deficit is still projected at 117.6 million ounces for 2025, underscoring continued structural tightness despite near-term volatility."
Silver prices fell on Tuesday, retreating from last week's record highs as investors took profits after a rapid rally driven by tight supply and macroeconomic tailwinds. Risk appetite improved amid easing US-China trade tensions and signs of progress resolving the US government shutdown. President Donald Trump said he expects a "fair" trade agreement with Chinese President Xi Jinping at their upcoming meeting in South Korea. Investors are focusing on Friday's US inflation print, which could shape expectations ahead of next week's anticipated Federal Reserve rate cut. ETP holdings are robust at 1.13 billion ounces and industrial demand provides a floor. The global deficit is projected at 117.6 million ounces for 2025, underscoring structural tightness despite near-term volatility.
Read at London Business News | Londonlovesbusiness.com
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