Silver Prices Dip as Trump Eases Tariff Pressure; Gold Also Declines

• Silver prices fell after US President Donald Trump temporarily eased tariff threats on critical mineral imports.
• Trump indicated he would negotiate bilateral agreements and proposed price floors on imports to secure supply chains.
• Gold prices also declined by 0.2% to $4,614.18 an ounce, while silver dropped 0.6% to $92.5977 an ounce.
• A broad metals rally on Wednesday, driven by geopolitical uncertainty and strong buying in China and the US, had previously boosted precious metals.
• Federal Reserve officials signaled unlikelihood of another rate cut soon, citing a resilient economy and inflation concerns, which could impact precious metals.

Why It Matters: Silver and gold prices declined as Trump temporarily eased tariff pressure and Fed hinted at no immediate rate cuts.