Silver Price Forecast: range-bound near $38.00, eyes on Trump–Putin talks

NEW YORK (August 15) Silver (XAG/USD) is attempting a mild recovery on Friday after sliding to a four-day low of $37.69. The rebound comes amid some softness in the US Dollar, which is losing traction following mixed US economic data this week. However, despite the intraday bounce, the white metal remains on track for a weekly decline of nearly 1%, as rising US Treasury yields cap the upside.

At the time of writing, the metal is trading around the $38.00 psychological mark, struggling to post a meaningful recovery on the day. Geopolitical tensions remain in focus, with traders closely watching the Trump–Putin summit in Alaska, scheduled to begin later on Friday. While the talks are unlikely to produce a breakthrough, the high-profile meeting adds a layer of uncertainty to global markets and could trigger safe-haven flows. That said, Silver’s reaction has been limited so far, and with prices still capped below key resistance levels, the broader bias remains cautious heading into the weekend.

FXStreet