Silver price (XAG/USD) loses ground after registering gains in the previous two sessions, trading around $33.40 per troy ounce during the Asian hours on Tuesday.
The grey metal attracts sellers due to diminished safe-haven demand amid the easing trade tension between the United States (US) and the European Union (EU) improves the traders' risk appetite.
Following Friday's threat by Trump to impose a 50% tariff on imports from the European Union, the US President decided to extend the tariff deadline on the European Union (EU) after having a phone call with European Commission President Ursula von der Leyen on Sunday.
On Monday, the EU agreed to accelerate negotiations with the United States (US) to avoid a transatlantic trade war.
However, the safe-haven Silver may regain its ground amid growing concerns over US debt issues ahead of Trump's "One Big Beautiful Bill" going through the Senate floor for Voting. The Bill is expected to raise the deficit by $3.8 billion, according to the Congressional Budget Office (CBO).
Source: Fxstreet
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