Silver Drops 2% Amid US-China Talks

2026-05-14 13:25 By Joana Ferreira 1 min. read

Silver fell to $85.6 an ounce Thursday as investors focused on the meeting between US President Donald Trump and Chinese President Xi Jinping.

Trump stated that Xi had agreed to assist with Iran "with whatever" he needs, while Xi noted progress in trade talks but warned that disputes over Taiwan could strain relations and even risk conflict.

Investors also digested US data showing both import and export prices surged more than expected last month, driven by rising fuel import costs and nonagricultural export prices.

Following earlier hot consumer and producer price data, markets have priced out US interest rate cuts for this year, with a near 30% chance of a hike by December.

Despite India raising import tariffs on gold and silver to 15% from 6%, industrial demand prospects for silver, used in electronics, solar panels, and other applications due to its high electrical conductivity, remain supportive.

The metal also continues to serve as a traditional investment asset alongside gold.



News Stream
Silver Drops 2% Amid US-China Talks
Silver fell to $85.6 an ounce Thursday as investors focused on the meeting between US President Donald Trump and Chinese President Xi Jinping. Trump stated that Xi had agreed to assist with Iran "with whatever" he needs, while Xi noted progress in trade talks but warned that disputes over Taiwan could strain relations and even risk conflict. Investors also digested US data showing both import and export prices surged more than expected last month, driven by rising fuel import costs and nonagricultural export prices. Following earlier hot consumer and producer price data, markets have priced out US interest rate cuts for this year, with a near 30% chance of a hike by December. Despite India raising import tariffs on gold and silver to 15% from 6%, industrial demand prospects for silver, used in electronics, solar panels, and other applications due to its high electrical conductivity, remain supportive. The metal also continues to serve as a traditional investment asset alongside gold.
2026-05-14
Silver Hits Two-Month High
Silver climbed toward $88 an ounce, reaching its highest level in two months and outperforming other precious metals as industrial demand prospects improved. The metal, widely used in electronics, solar panels, and other industrial applications due to its high electrical conductivity, also serves as a traditional investment asset alongside gold. The gains came despite India raising import tariffs on gold and silver to 15% from 6%. However, reduced expectations for Federal Reserve rate cuts limited further upside. Hotter-than-expected US inflation data, with producer prices surging the most since early 2022 and consumer inflation hitting the highest since May 2023, led investors to price out a US rate cut this year, according to CME Group’s FedWatch. Elsewhere, US President Donald Trump’s visit to China will be monitored for any progress on the fragile trade truce and the Iran conflict.
2026-05-13
Silver Hits 2-Month High
Silver climbed toward $87 an ounce on Wednesday, hitting its strongest levels in two months and outperforming other precious metals amid an improving outlook for industrial demand. The metal is widely used in electronics, solar panels, and other industrial applications due to its high electrical conductivity, while also serving as a traditional investment asset alongside gold. Sentiment remained cautious, however, after hotter-than-expected US inflation data reduced expectations for Federal Reserve interest rate cuts. US consumer inflation rose 3.8% in April, above forecasts of 3.7% and the highest since May 2023. At the same time, oil prices extended gains over three consecutive sessions as diplomatic efforts to resolve the US-Iran war failed to produce progress, keeping inflation risks elevated. In other news, India has increased import tariffs on gold and silver in a bid to curb bullion purchases and support its currency.
2026-05-13