Silver fell below $38 per ounce on Tuesday, giving up the previous session’s gains as signs of progress in Ukraine peace negotiations dampened safe-haven demand. On Monday, US President Donald Trump met with European leaders to discuss security guarantees for Ukraine, adding that he had spoken with Russian President Vladimir Putin and was working to arrange a direct meeting between Putin and Ukrainian President Volodymyr Zelenskiy, followed by a potential trilateral summit. Meanwhile, attention turns to the Federal Reserve’s annual Jackson Hole symposium later this week, where global policymakers will debate labor market trends and the outlook for monetary policy. Fed Chair Jerome Powell is set to deliver remarks on the economy and the central bank’s policy framework. Additionally, investors await the July FOMC minutes, where multiple governors voted against the final decision for the first time since late 1993.
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