Silver Price Forecast – Silver Markets Continue Choppy Behavior

Silver markets have gone back and forth during the course of the trading session on Thursday as we continue to hang about the $24 level.

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The USD/CAD pair trades in negative territory near 1.3660 during the early Asian session on Tuesday. Another US government shutdown undermine the US Dollar (USD) against the Canadian Dollar (CAD). Nonetheless, the downside for the pair might be limited amid upbeat US economic data.

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The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.9608 compared to the previous day's fix of 6.9695 and 6.9598 Reuters estimate.

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Japan Monetary Base (YoY) increased to -9.5% in January from previous -9.8% 3 February 2026

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US President Donald Trump cuts India tariffs to 18% as New Delhi agrees to end Russian oil purchases 2 February 2026

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US President Donald Trump announces establishment of critical mineral reserve — Reuters 2 February 2026

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Silver Price Forecast – Silver Markets Continue Choppy Behavior

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