Silver prices edged higher on Tuesday as investors sought safe-haven assets amid rising concerns over global economic growth. Persistent trade tensions between the US, China, and Europe led the OECD to cut growth forecasts, reinforcing expectations that major central banks could extend their easing cycles. This could pressure Treasury yields, boosting demand for non-yielding assets like silver and gold.

Tomorrow's Federal Reserve interest rate decision could play a pivotal role in silver’s short-term outlook. With a rate hold widely anticipated, all eyes will shift to Fed Chair Jerome Powell’s remarks on economic projections. A looser monetary stance could favor silver’s rally, while a restrictive stance should limit its upside.

Additionally, silver’s fundamentals remain supportive. Supply deficits, improving industrial demand, and elevated lease rates, pointing to tighter market conditions, could sustain upward momentum in prices. Additionally, geopolitical uncertainties and volatile global markets may further enhance silver’s appeal as a safe-haven asset.