Silver Price Forecast: XAG/USD hovers near $32.50 amid US ban news on China's chip firms

  • Silver (XAG/USD) is pulling back from its recent gains seen in the previous session, hovering around $32.50 during Friday's Asian trading hours. The metal is under pressure, possibly due to a Financial Times report indicating that the Trump administration plans to add several Chinese semiconductor companies to its export blacklist, known as the "entity list.