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Trump's Tariff Policy Softening Leads to Precious Metals Market Correction

Published: Apr 23, 2025 11:06
On Tuesday, Trump showed signs of softening his signature tariff policy, and news that the tariff war between China and the U.S. would soon cool down led to a correction in the precious metals market today. The price of gold ended its consecutive upward trend, and the price of silver also weakened. In the spot market, according to SMM, as the month-end approaches, the mainstream quotations for spot silver cargo in the domestic market remain at a premium, with the mainstream quotations for standard silver ingots in Shanghai at TD+3 to +5 yuan/kg for rigid demand transactions.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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