Silver Dips as Risk Appetite Rises: XAG/USD Hovers Below $33.00

Silver prices are facing downward pressure, trading around $32.90 per troy ounce as of Friday, February 21, 2025. The precious metal's safe-haven appeal has weakened due to improved risk sentiment following potential progress in US-China trade talks. However, geopolitical tensions between the US and Ukraine, along with cautious Fed statements, are providing some support. Analysts expect silver to trade at $34.64 in 12 months, with near-term resistance at $33.45. Despite current headwinds, silver has shown resilience, gaining 14.20% since the beginning of 2025, reflecting its dual role as both a safe-haven and industrial metal.

 

Sources: FXStreet, Trading Economics, FOREX24.PRO