Silver Prices Decline: Safe-Haven Demand Weakens
Silver prices (XAG/USD) continue to decline for the second consecutive day, hovering around $32.80 during Monday’s Asian trading hours. This drop in demand is largely a result of improving trade relations between the United States and China, which diminish silver’s appeal as a safe haven. Traders should keep a close eye on evolving market conditions that might influence silver prices in the near future. Understanding these dynamics is crucial for making well-informed trading decisions.