Silver Prices Slide Near $32.30 On US-China Trade Optimism
Silver prices (XAG/USD) fell sharply near $32.30 during European trading hours on Friday (05/16). The white metal fell more than 1% as investors grew more confident about a trade deal between the United States (US) and China.
The White House has signaled that Washington will “engage in a series of negotiations” with Beijing to avoid “escalating trade tensions”. “We will engage in a series of negotiations with China to prevent further escalation,” US Treasury Secretary Scott Bessent said on Thursday.
Trade tensions between the US and China have eased after the two countries agreed to roll back tariffs by 115% for 90 days. The move forced market experts to revise their global growth projections to the upside.
Source: FXStreet