Silver Prices Pull Back But Strong Demand Persists Amid Trade Tensions
Silver prices (XAG/USD) experienced a minor pullback after a remarkable surge of over 2% in the previous trading session. As of Friday morning, silver is trading around $34.30 per troy ounce. Market analysts believe that despite this recent decline, the underlying demand for silver remains robust, primarily driven by safe-haven investment strategies. The recent trade tensions and the anticipation of new tariffs imposed by the US are escalating risk aversion among investors. This situation fosters a strong appeal for silver as an attractive investment option, particularly given its historical significance during times of economic uncertainty. Traders are advised to monitor key levels closely to capitalize on potential rebounds as market dynamics evolve.