Silver (XAG/USD) prices recovered from losses during Asian trading hours on Wednesday. Analysts believe that the recent correction could be a setup for a strong rebound amid rising trade tensions and recession fears. Traders are gearing up for the FOMC Minutes, due out on Wednesday.
US President Donald Trump said late Tuesday that he is not considering abandoning his plan to impose extensive additional tariffs on dozens of countries despite contacts from trading partners seeking to avoid the levies. However, he hinted that he may be open to some negotiations.
Until this news was released, Silver price was at $ 29,875
Source: Newsmaker.id
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