Silver Prices Climb on Safe-Haven Demand

Silver prices rose over 1% to approach $33 per ounce on Thursday, recovering losses from the previous session as investors sought refuge in safe-haven assets amid persistent economic and trade uncertainties.

The rebound followed the Federal Reserve’s decision on Wednesday to hold interest rates steady, as expected.

However, Chair Jerome Powell adopted a cautious tone, highlighting rising risks to both inflation and employment, and dismissing the possibility of a preemptive rate cut to mitigate potential economic fallout from new tariffs.

On the trade front, President Donald Trump announced via Truth Social that he would hold a news conference Thursday to unveil a deal with a “big” country, reportedly the United Kingdom.

Meanwhile, he reiterated that he would not roll back tariffs on China as a precondition for starting trade talks, ahead of this weekend’s scheduled U.S.-China negotiations in Switzerland.