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2025-07-29 14:46:34
A stronger dollar weighs on silver prices, with the market focusing on the Federal Reserve's decision. (1) Silver prices remained under pressure on Tuesday, holding below $38.20 per ounce, hovering near a two-week low, primarily due to a stronger dollar. (2) The dollar has recently been supported by global trade agreements, which are widely viewed as beneficial to the US economy. (3) US President Trump warned on Monday that countries that fail to reach separate trade agreements could face tariffs of 15% to 20%, significantly higher than the 10% base rate implemented in April. (4) Market focus shifted to the Federal Reserve's policy decision on Wednesday. While interest rates are expected to remain unchanged, traders will be looking for signs of a possible rate cut in September.
