Silver Retreats to $33.00 as Market Watches US-China Trade Talks
Silver (XAG/USD) has retreated during the Asian trading hours on Wednesday, settling around $33.00 per troy ounce after experiencing two consecutive days of gains. This decline is linked to weakening safe-haven demand due to news that US and Chinese officials are scheduled to meet this week to discuss trade issues. The meeting has sparked optimism regarding a possible de-escalation in tensions, affecting silver prices. As traders assess the potential impacts of these discussions, volatility in silver prices may continue. Keeping an eye on upcoming news will be crucial for investors in this sector.