Silver Price Forecast: XAG/USD falls below $87.50 ahead of Trump-Xi meeting
Silver price (XAG/USD) loses its daily gains and halts its six-day winning streak, trading around $87.30 per troy ounce during the Asian hours on Thursday. Traders await the meeting between US President Donald Trump and Chinese President Xi Jinping in Beijing.
Given the uncertainty surrounding the Trump-Xi meeting, silver prices may continue to face downward pressure, potentially testing support levels below $87.30. Traders may adopt a cautious stance, leading to further declines in the short term.
Silver price (XAG/USD) loses its daily gains and halts its six-day winning streak, trading around $87.30 per troy ounce during the Asian hours on Thursday. Traders await the meeting between US President Donald Trump and Chinese President Xi Jinping in Beijing.
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