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.