While general headline inflation seems to be taking a downward route, any persistent solidity in the metrics could potentially pose challenges for silver and gold. Fed, China, Lower SPDR Gold Trust Demand Weigh Moreover, other market dynamics add to silver’s bearish outlook. Meanwhile, international trade data reveals China, the world’s largest gold consumer, experiencing a 14.5% decline in July exports year-on-year, marking the most significant drop since February 2020, and pressuring silver demand.