Silver Price Forecast: XAG/USD maintains position above $31.50 due to risk-off mood
Silver price (XAG/USD) extends its gains for the second consecutive session, trading near $31.70 per troy ounce during Asian hours on Tuesday.
Silver gains traction as investors seek safe-haven assets amid rising risk aversion, while market participants assess the economic outlook as US President Donald Trump advances plans to impose tariffs on key trade partners.
On Monday, the White House confirmed that President Trump signed an order raising tariffs on Chinese imports to 20%.
However, similar measures for Mexico and Canada remain pending. Trump also reiterated that reciprocal tariffs will take effect on April 2 for countries that impose duties on US goods.
Source: FXStreet