XAG/USD holds losses below $33.00 due to improved risk appetite
The post XAG/USD holds losses below $33.00 due to improved risk appetite appeared on BitcoinEthereumNews.com.
Silver price struggles as risk-on sentiment rises after Trump announced potential progress in trade negotiations with China. The safe-haven Silver may regain its ground amid market concerns escalate as tensions grew between Trump and Zelensky. The non-interest-bearing Silver could have faced challenges due to cautious Fedspeak. Silver price (XAG/USD) remains under pressure after gaining in the previous session, trading around $32.90 per troy ounce during Asian trading hours on Friday. Safe-haven metals like Silver face selling pressure as risk-on sentiment strengthens following US President Donald Trump’s announcement of potential progress in trade negotiations with China. Trump’s remarks helped ease market concerns over tariffs, and he expressed expectations that Chinese President Xi Jinping might visit, while also discussing matters related to TikTok. However, Silver found some support amid lingering trade and geopolitical uncertainties after Trump announced plans to impose 25% tariffs on imports of automobiles, semiconductors, and pharmaceuticals, reigniting fears of a broader global trade war. Market concerns also escalated as tensions grew between Trump and Ukraine’s President Volodymyr Zelensky. Trump called Zelensky a “dictator” following the Ukrainian leader’s criticism of US-Russia talks in Saudi Arabia, from which Kyiv was excluded. Zelensky responded by stating that Trump was “living in a disinformation space” controlled by Moscow, according to the BBC. Meanwhile, US Federal Reserve officials signaled in January that they want to see further progress on inflation before cutting interest rates. Federal Reserve Board Governor Adriana Kugler stated on Thursday that inflation still has “some way to go” before reaching the Fed’s 2% target, while St. Louis Fed President Alberto Musalem warned of potential stagflation risks and rising inflation expectations, per Reuters. Silver FAQs Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular…
Filed under: News - @ February 21, 2025 5:24 am