FX.co ★ Silver Stabilizes on Safe-Haven Demand

Silver prices steadied above $33 per ounce on Tuesday, bouncing back from recent downturns as trade uncertainties and broader economic concerns drove demand for safe-haven assets. There was some relief in the market due to optimism that US President Donald Trump might implement a more selective approach to tariffs before the April 2 deadline. Nonetheless, his vow on Monday to impose tariffs on the automobile, pharmaceutical, and other industries continued to add to the prevailing uncertainty. Additionally, the anticipation of more interest rate cuts from the US Federal Reserve bolstered silver prices. Currently, traders are factoring in two quarter-point cuts for this year—one expected in June and another in September—with an increasing probability of a third cut by December.