Silver Softens Before Tariff Deadline, Payrolls in Focus
Silver eased to $33.8, down from the five-month high of $34.58 on March 28, as markets awaited Trump’s reciprocal tariffs set for Wednesday.
Sentiment was mixed between fears of a trade war hurting industrial demand and silver’s safe-haven appeal amid slowdown concerns. Trump reaffirmed plans for broad tariffs and pushed for a tougher trade stance.
U.S. manufacturing contracted in March, and February job openings dropped to 7.57 million. Markets now turn to Friday’s nonfarm payrolls for economic signals.
If silver breaks above $34.85, resistance levels are at $35.40 and $36.00. Support stands at $33.50, followed by $32.50 and $32.15.