Silver traded around $32.50 on Friday (07/03), heading for a weekly gain, supported by its appeal as a safe haven asset amid shifting global trade policies.

While President Donald Trump halted the 25% tariffs imposed this week on most goods from Canada and Mexico, Canada's initial retaliatory tariffs remain in place, and China's measures come into effect next week.

Meanwhile, U.S. jobs data painted a mixed picture, with the Challenger report showing layoffs jumped to a 2020 high, while jobless claims fell more than expected last week.

Source: Newsmaker.id