Silver price (XAG/USD) made a comeback to near $32.00 during European trading hours on Thursday after dipping close to a monthly low of around $31.65 earlier in the day. Despite this brief recovery, the overall outlook for silver prices remains bearish. Analysts point to the recent improvements in trade relations between the United States and China as a contributing factor to the market dynamics affecting silver.

Investors should be cautious as the fragile environment suggests volatility could continue. The financial markets are responding to various global economic indicators that hint towards a shifting landscape in precious metals trading. Understanding these trends is essential for investors aiming to navigate the silver market effectively.