Silver (XAG/USD) is currently trading around $32.30 per troy ounce, retracting some of its previous gains. The recent pressure on silver prices stems from a positive shift in global risk sentiment following US President Donald Trump’s announcement of exemptions for key technology products from proposed tariffs. As trade concerns ease, market participants are reacting to the changing dynamics. Understanding these influences on silver prices is vital for traders looking to navigate the precious metal’s current landscape.