Silver

By A1 | January 29, 2025
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Silver prices held steady around $30.40 per ounce on Wednesday as traders awaited the Federal Reserve’s policy decision. The central bank is expected to keep interest rates unchanged despite mounting pressure from President Donald Trump to lower borrowing costs. Investors also assessed the impact of potential US tariffs, with the White House confirming that Trump plans to impose levies on Canada and Mexico this Saturday, while tariffs on China remain under review. Meanwhile, overcapacity in China’s solar panel industry has led photovoltaic companies to adopt a government-led self-discipline program, potentially reducing silver demand from one of its key sectors.

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#SilverPrices #PreciousMetals #FederalReserve #USMarkets #InterestRates #DonaldTrump #Tariffs #ChinaTrade #Mexico #Canada #SolarIndustry #CommodityTrading #MarketTrends

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