The price of silver remained over $48.5 per ounce, indicating that it is likely to have a slight weekly appreciation. There has been a discernible increase in the demand for safe-haven assets, driven by heightened market volatility following a downturn in U.S. equity markets. The recent drop in interest rates by the Federal Reserve, combined with a cautious economic outlook, provided only minimal support. Meanwhile, the most recent meeting between President Trump and President Xi Jinping resulted in some minor trade concessions but did not reveal any substantial developments, while the recent decrease in silver leasing rates in London indicates a notable improvement in market liquidity conditions.

Silver concluding the week with a modest rise as investors sought safety amid financial market turbulence. The demand for the metal has been further supported by the decline in American technology equities and persistent uncertainty surrounding the Federal Reserve’s conservative monetary stance. Although the quarter-point rate cut by the Fed was broadly expected, Chair Jerome Powell’s comments suggested no firm commitment to additional easing in December, tempering market optimism.

The meeting between Trump and Xi, while fostering a cooperative tone, failed to deliver meaningful breakthroughs, resulting in only limited trade commitments and little fresh momentum for the markets. This lack of clarity in global trade discussions, paired with the Fed’s cautious policy signals, has contributed to continued investor interest in precious metals as a hedge against uncertainty.

Following this month’s historic highs—largely driven by a short squeeze and subsequent profit-taking—the recent drop in silver lease rates in London underscores an encouraging shift in liquidity conditions. Together, these factors have maintained silver’s strength above key support levels, signaling resilience in the face of market volatility and reinforcing its role as a preferred safe-haven asset.