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Silver prices (XAG/USD) retreated below $87.50, ending a six-day rally and trading near $87.30 during Asian hours on Thursday. The decline follows mixed economic data and heightened geopolitical tensions, with traders closely monitoring the upcoming meeting between U.S. President Donald Trump and Chinese President Xi Jinping in Beijing. The Trump-Xi summit is critical for global markets, as any progress on the U.S.-China trade war could ease investor fears and boost risk-on sentiment, potentially supporting commodities like silver. Conversely, a lack of agreement might reignite trade tensions, weighing on industrial metals and precious metals such as silver. Market participants are also watching for clues on global economic growth, which directly impacts demand for silver in manufacturing and technology sectors.
