Silver prices fell 0.10% to ₹94,774 on mixed signals from US trade policy and the potential economic impact. The US President temporarily exempted technology products from tariffs, while the Chinese president escalated trade tensions. The Federal Reserve Governor downplayed inflation concerns and prioritized economic growth.
The Federal Reserve Governor reassured investors on tariff concerns and indicated his readiness to cut rates if needed. Despite the short-term price decline, the global silver market is expected to remain in deficit in 2025, with industrial demand and investment growing. However, jewelry demand is expected to decline by 6% due to higher local prices.
