Silver Price Forecast: XAG/USD rises to near $31.00 on recent Trump remarks

• Silver price advanced as President Trump expressed his desire for the US Federal Reserve (Fed) to lower interest rates without delay.
• Trump stated that he “would rather not have to use tariffs on China” and is hopeful about reaching a deal.
• The demand for the precious Silver increases due to weaker US Dollar and Treasury yields.

Silver price (XAG/USD) recovers its recent losses, trading around $30.80 per troy ounce during the Asian trading session on Friday. The demand for non-interest-bearing Silver rises following comments made by US President Donald Trump late Thursday.

Trump expressed his desire for the US Federal Reserve (Fed) to lower interest rates without delay. “With Oil prices falling, I’ll demand that interest rates be cut immediately, and they should be reduced worldwide,” he said during the World Economic Forum in Davos, Switzerland.