Silver (XAG/USD) prices extended their decline for the second straight session, trading below $31.90 per troy ounce during Asian hours on Thursday (5/15).
The decline follows productive US-China trade talks over the weekend in Switzerland, where both sides agreed to temporarily lower tariffs to 30% and 10%, respectively, for a period of 90 days—a significant step towards de-escalation.
While this has eased market fears of a prolonged trade war, uncertainty remains over what will happen after the agreement is concluded, with further negotiations expected in the coming weeks. Reducing geopolitical risks have led markets to reduce expectations for aggressive Federal Reserve interest rate cuts, adding downward pressure on silver.
Silver is trading at $31,858/ Toz at press time.
Source: Newsmaker.id
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