Silver prices remained under pressure on Tuesday, holding below $38.20 per ounce and hovering near two-week lows as a strong US dollar continued to weigh on the market. The dollar’s strength was supported by recent global trade agreements that are widely seen as favoring the US economy. On Monday, President Donald Trump warned that countries failing to negotiate separate trade deals could soon face tariffs of 15% to 20%, well above the 10% headline rate introduced in April. Meanwhile, investors remained focused on the ongoing US-China trade talks in Stockholm, with both sides aiming to extend their fragile truce by another 90 days ahead of the August 12 deadline. Attention also turned to the Federal Reserve’s upcoming policy decision on Wednesday. While the Fed is expected to keep rates unchanged, traders will be watching closely for any signals of a possible rate cut in September.
