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Commodity News Details
Silver slips as Fed caution and trade jitters weigh on sentiment
30-May-2025 13:19
Silver prices edged lower toward $33 per ounce on Friday as traders adopted a cautious stance ahead of the US PCE price index, a key inflation gauge that could shape the Federal Reserve's next move. Comments from San Francisco Fed President Mary Daly added to the uncertainty, as she signaled patience on rate cuts despite maintaining the possibility of two reductions this year. On the geopolitical front, the reinstatement of reciprocal tariffs by a US appeals court dampened sentiment, rekindling trade tensions under former President Trump's policy framework. In India, MCX silver futures slid to ₹96800 and looked set to wrap up the week in the red, as risk appetite faded across metal markets.

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