The price of silver is stabilizing near $32.50 as market participants await further progress in trade negotiations between the United States and China. Recent White House statements indicate confidence in the existing trade agreement. Ongoing tensions between the Trump administration and the Federal Reserve continue to exert downward pressure on the US Dollar. XAG/USD has exhibited sideways trading for the past three sessions, reflecting investor uncertainty pending new developments in US-China trade relations. While a temporary 90-day suspension of reciprocal tariffs was recently announced, substantial duties remain in place. US Commerce Secretary Howard Lutnick conveyed optimism regarding the trade deal over the weekend, stating, “We’re confident it will work out with China.”
