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Silver took a step back after a weak close in the previous session, as market participants reassessed their positions following Washington's decision to hold off on tariffs affecting critical minerals. The policy move—while potentially bullish for industrial demand—didn't spark the immediate upside traders were anticipating. Instead, investors seem to be taking a wait-and-see approach, weighing how this trade stance might ripple through commodity markets and broader economic conditions. With geopolitical tensions and supply chain concerns simmering in the background, the precious metals complex remains sensitive to any policy shifts, making every tariff announcement a potential inflection point for precious metals positioning.