XAG/USD MOVES BELOW $32.50 DUE TO EASING TRADE CONCERNS
XAG/USD MOVES BELOW $32.50 DUE TO EASING TRADE CONCERNS
On Thursday, April 17, 2025, silver (XAG/USD) traded around $32.30 per troy ounce during the Asian session, paring some of its gains from the previous day.
The precious metal faced pressure as global risk sentiment improved following U.S. President Donald Trump's announcement of exemptions for key technology products from newly proposed "reciprocal" tariffs.
President Trump's decision to exempt certain technology products from tariffs alleviated some trade tensions, leading to a decline in demand for safe-haven assets like silver.
This shift in market sentiment contributed to the recent pullback in silver prices.
Despite the recent decline, silver remains above key support levels, indicating potential for future gains.
Traders are advised to monitor upcoming economic data and geopolitical developments, as these factors could influence the direction of silver prices in the near term.
