SILVER PRICE FORECAST: XAG/USD BREAKS BELOW $33.00 AS SAFE-HAVEN DEMAND WEAKENS
SILVER PRICE FORECAST: XAG/USD BREAKS BELOW $33.00 AS SAFE-HAVEN DEMAND WEAKENS
Silver prices have declined, with XAG/USD trading around $32.80 per ounce during the Asian session on Monday.
This marks a continuation of the downward trend observed over the past two days.
Silver prices have fallen below the $33.00 mark, reaching approximately $32.80 per ounce during early Asian trading hours on Monday.
Optimistic signals regarding potential tariff negotiations between the United States and China have reduced investor demand for safe-haven assets like silver.
The White House's comments have fueled optimism about a possible de-escalation of trade tensions, leading to increased risk appetite among investors.
As concerns over global trade tensions ease, the demand for safe-haven assets such as silver diminishes, contributing to the downward pressure on prices.
Analysts suggest that the current decline in silver prices may be temporary, and the metal could regain support if geopolitical tensions escalate or if there is renewed uncertainty in global markets.
