Silver Price Forecast: XAG/USD Strives to Hold $33 Amid Renewed Sino-US Trade Worries

Silver Stabilizes In The Local Market, Declines Globally Amid Escalating Monetary Policy Pressures

Silver prices in local markets witnessed a state of stability during trading on Saturday, while the ounce declined on the global stock exchange amid continued uncertainty regarding the direction of US monetary policy and expectations of slowing growth in a number of major economies.

Silver Price Forecast: XAG/USD strives to hold $33 amid renewed Sino-US trade worries

Silver price (XAG/USD) is down almost 1% near the key level of $33.00 during North American trading house on Friday. However, the white metal strives to gain ground as renewed trade tensions between the United States (US) and China are limited the upside in the US Dollar (USD).

XAG/USD strives to hold $33 amid renewed Sino-US trade worries

Silver price looks for a temporary support after sliding almost 1% to near $33.00 as trade tensions between the US and China have renewed. Trump accused China for non-compliance of trade agreement. The US PCE inflation cools down in April. Silver price (XAG/USD) is down almost 1% near the key level of $33.00 during North American trading house on Friday. However, the white metal strives to gain ground as renewed trade tensions between the United…