FX.co ★ Silver Rebounds on Weaker Dollar and Lower Yields

Silver prices rose above $36.50 per ounce on Thursday, ending a three-day decline as a weaker US dollar and a significant drop in Treasury yields increased the appeal of precious metals. This movement followed the release of the Federal Reserve's latest meeting minutes, which suggested that most policymakers were considering the possibility of cutting interest rates later this year. Investors also faced changing global trade conditions, marked by US President Donald Trump sending notifications detailing new tariff rates to 21 countries. Furthermore, Trump declared a 50% tariff on Brazilian imports starting August 1, citing unfair trade practices. Additionally, the US implemented a 50% tariff on copper imports and threatened potential tariffs of up to 200% on pharmaceutical products, although the implementation of the latter is anticipated to be postponed.