Silver price stability on the eve of Trump’s inauguration; Caution prevails in the market

reported by Mehr Reporter The price of silver on Monday and after last week’s extreme fluctuations, stabilized today with an increase of 0.8% above 30 dollars per ounce and reached 30 dollars and 58 cents.

The caution in the market on the eve of the inauguration of Donald Trump as the President of the United States has caused traders to focus on Trump’s promises. These promises include higher tariffs, tougher immigration policies, lower taxes, and increased deregulation, all of which are expected to lead to inflation.

However, weaker-than-expected economic data in the US last week has fueled speculation that the Federal Reserve may cut interest rates further this year. If interest rates in the US are lowered, this could increase demand for goods by stimulating economic growth and weakening the dollar.

Also, a positive phone call between Donald Trump and Chinese President Xi Jinping on Friday boosted hopes for an easing of trade tensions between the two countries.