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Hot Commodities: Silver climbs nearly 2 percent above $33 as trade truce lifts sentiment
13-May-2025 13:09
Silver prices rallied close to 2 percent on Tuesday, trading above $33 per ounce as markets reacted to a temporary US-China trade truce. Weekend talks led to a 90-day tariff reduction, easing trade tensions and boosting hopes for silver's industrial demand. The upbeat tone faded slightly amid broader caution, with attention now turning to upcoming US inflation data and Fed policy signals. The agreement also supported silver's long-term demand outlook in sectors like renewable energy. However, uncertainty remains over what follows after the 90-day window expires.

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