24.02.202606:46:08UTC+00Silver Trims Losses as Chinese Traders Return

Silver held above $88 per ounce on Tuesday after briefly slipping below $85 earlier in the session, as trading volumes increased with mainland Chinese market participants returning from the extended Lunar New Year break. The metal, along with other commodities, had rallied sharply in January before undergoing a steep correction, largely driven by speculative flows from China. At the same time, investors assessed the impact of potentially lower US tariffs following the US Supreme Court’s decision to overturn President Donald Trump’s reciprocal tariff measures. Although Trump subsequently threatened to raise global tariffs from 10% to 15% in response to the ruling, China is still expected to face lower average duties on its metal-intensive exports. On the geopolitical front, markets are also focused on upcoming US-Iran talks scheduled to resume on Thursday, with Trump reiterating his preference for a negotiated solution while warning of serious consequences if a nuclear deal is not reached.