Silver Prices Dip Below $30.00 as Geopolitical Tensions Ease
Silver prices, represented by XAG/USD, have faced a downturn for the second consecutive day, now trading around $29.90 per troy ounce. This decline stems from a reduction in safe-haven buying as geopolitical tensions in the Middle East begin to ease. Investors are increasingly shifting their focus away from defensive assets towards riskier ventures, impacting demand for silver. Analysts suggest that if geopolitical uncertainties remain low, XAG/USD may face further pressure. Regular updates on silver market trends are crucial for those trading in this asset class.
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