Silver Trims Losses as Chinese Traders Return

2026-02-24 06:46 By Jam Kaimo Samonte 1 min. read

Silver steadied above $88 per ounce on Tuesday after briefly dipping below $85 earlier in the session, with trading activity picking up as mainland Chinese participants returned from the long Lunar New Year holiday.

The metal, along with other commodities, surged in January before undergoing a sharp correction driven largely by speculative flows in China.

Investors also evaluated the implications of potentially lower US levies after the US Supreme Court struck down President Donald Trump’s reciprocal tariffs.

Despite Trump’s subsequent threat to raise global tariffs from 10% to 15% in response to the ruling, China is still expected to face lower average duties on its metal-intensive exports.

On the geopolitical front, attention remains on US-Iran talks set to resume on Thursday, with Trump reiterating his preference for a negotiated outcome while warning of serious consequences if a nuclear agreement is not reached.



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