Silver slips from 14-year peak as trade optimism grows

Silver prices retreated toward $39 per ounce on Thursday, pulling back from a 14-year high as improving US-EU trade negotiations reduced safe-haven demand. Market sentiment brightened after reports of a proposed 15% baseline tariff on EU goods, with similar agreements already reached with Japan, cutting previous threats of 25% levies. MCX silver futures for September delivery slipped ₹654 to ₹114980 per kg, after hitting a lifetime high of ₹116641 yesterday. Weakness in the US dollar, with the dollar index dipping below 97 to a three-week low, provided some support to bullion. Investors now await next week?s Federal Reserve meeting, where rates are expected to remain unchanged amid inflation concerns tied to tariffs.

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