Silver Price Forecasts: XAG/USD drops below $75.00 after Trump – Zelenskyy’s meeting

💡 DMK Insight

Silver’s drop from $86 to around $74 is a significant shift, and here’s why it matters: The recent comments from President Trump about a potential peace deal have shifted market sentiment, leading to profit-taking after the recent highs. Traders should be cautious as this volatility could trigger further sell-offs, especially if silver breaks below the $74 level. Watch for support around $72, as a breach could open the door to deeper declines. On the flip side, if silver manages to hold above $74, it might attract buyers looking for a rebound, especially with ongoing geopolitical tensions that could keep demand for safe-haven assets alive. Keep an eye on the broader economic indicators, as any signs of inflation or instability could reignite interest in precious metals. In the coming days, monitor the $72 support level closely. A decisive move below that could signal a bearish trend, while a bounce back above $76 might indicate a recovery phase.