Silver price (XAG/USD) maintains its position after retreating from a fresh record high of $53.77, currently trading around $52.40 per troy ounce during the European hours on Tuesday.
Oil prices are trading almost flat this morning, with the market focused on Friday’s Trump-Putin meeting. OPEC's expectations of increasing output to ease a supply shortfall next year further weighed on prices, ING's commodity experts Ewa Manthey and Warren Patterson note.
The Meeting Minutes from the Reserve Bank of Australia’s (RBA) latest interest rate decision will be published early on Tuesday, at 00:30 GMT. The RBA held its cash rate at 3.6% at its latest rate call, staggering a series of rate cuts that began in February of this year.