Spot Silver traded in proximity to one-week high of $39.05 on Tuesday, as the US Dollar and Treasury yields dropped, while market players were looking for signs of progress in trade discussions.
The EU is exploring a set of possible countermeasures against the US, as prospects for an acceptable trade deal with Washington weaken.
US President Trump has warned of 30% duties on EU imports in case no deal is secured prior to the August 1st deadline.
The US Dollar Index hovered above an over one-week low and was last up 0.05% to 97.905. A weaker dollar makes dollar-priced Silver more appealing to international investors holding other currencies.
And, 10-year US Treasury yield slipped to an over one-week low.
Spot Silver was last down 0.22% on the day to trade at $38.84 per troy ounce.
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