NewsFlash / Precious Metals / SMM Silver Market Update: Intense Long-Short Tug-of-War Amid Policy, Tariff, and Geopolitical Uncertainties
SMM Silver Market Update: Intense Long-Short Tug-of-War Amid Policy, Tariff, and Geopolitical Uncertainties
iconJul 29, 2025 17:28
Source:SMM
[SMM Silver Market Update] This week, there has been an intense tug-of-war between longs and shorts in the precious metals market, mainly centered around three key factors: policy expectations, tariff negotiations, and geopolitical risks. On the policy front, despite Trump's continuous pressure on the US Fed to cut interest rates, the market remains cautious. CME interest rate futures indicate a relatively small possibility of an interest rate cut in the short term. If the upcoming interest rate-setting meeting does not send a clear signal of a rate cut, interest rates may further suppress precious metal prices. Regarding tariffs, countries have varying dynamics, with some accelerating efforts to secure preferential terms to reduce risks. However, Trump's proposed new tariff plans and the unresolved issue of liquor tariff exemptions between the US and Europe still leave tariff support for the precious metals market intact. As for geopolitical risks, although the ceasefire agreement between Thailand and Cambodia has taken effect, the US's ceasefire ultimatum to Russia has heightened international tensions. Amidst numerous uncertainties, the silver market in August is at a critical stage of the tug-of-war between longs and shorts, with the market awaiting a clear breakthrough signal.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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