Silver prices climbed above $30.70 per ounce on Friday, approaching six-week highs, after US President Donald Trump called on the Federal Reserve to lower interest rates. While the US central bank is widely expected to keep rates unchanged at next week’s policy meeting, markets are betting on a rate cut in July, with another possible reduction before the year ends. Trump has refrained from imposing aggressive tariffs since his inauguration, which has weakened the dollar and increased demand for safe-haven metals. Additionally, ongoing supply concerns, particularly in London vaults, coupled with strong industrial demand—especially from manufacturing—continue to support a bullish outlook for silver.