Silver prices remained in range as President Donald Trump’s increased tariffs on $200 billion in Chinese imports took effect.
Investor sentiment was already down when Trump said that China “broke the deal” in trade talks with Washington.
The U.S. raised the import taxes on select goods from 10% to 25%, as the administration claims its Sino counterparts reneged on commitments made in earlier talks.
US producer prices rose moderately in April, but underlying inflation pressures at the factory gate appeared to be picking up.
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