Silver prices (XAG/USD) strengthened slightly during the European trading session on Monday (August 18th). The white metal attracted some buying demand amid cautious market sentiment, as investors awaited the meeting between United States (US) President Donald Trump and Ukrainian President Volodymyr Zelenskiy at the White House later that day.
Meanwhile, strong expectations that the Federal Reserve (Fed) will cut interest rates at its September meeting remain a supportive factor for silver prices. The prospect of lower interest rates is considered positive for non-yielding assets like silver, as it lowers the opportunity cost for investors to hold the precious metal as a safe-haven asset.
Source: Newsmaker.id
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