Silver prices (XAG/USD) weakened slightly, approaching $38.80 at the start of the European trading session on Tuesday (July 22nd). However, the precious metal remains near its decade-high of around $39.00. The outlook for the precious metal remains bullish due to high demand for safe-haven assets due to ongoing concerns over global trade flows.
Escalating trade tensions between the United States (US) and the European Union (EU) have heightened trade tensions worldwide, given the scale of business between the two countries.
EU officials are preparing countermeasures to offset the impact of additional US tariffs, as they struggle to reach an agreement.
Source: Newsmaker.id
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