Silver slipped to around $48.6 per ounce on Friday and was on track to lose over 6% for the week, as profit-taking swept through the market amid concerns that the metal may have entered overvalued territory.
The recent surge was driven by strong safe-haven demand and optimism over silver's long-term industrial use in electric vehicles, data centers, and solar power, alongside tightening inventories in London and Shanghai vaults.
Meanwhile, investors monitored trade developments after the White House confirmed the Trump-Xi meeting next Thursday on the sidelines of the APEC summit.
Markets also awaited a key US inflation report expected to show persistent price pressures, which is unlikely to stop the Federal Reserve from cutting rates next week but could influence its December decision if inflation surprises to the upside.
Source: Trading Economi
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