Silver Price Retreats as Trump Declares Ceasefire Over; Bears Eye $55.00

Silver prices edged lower on Friday, declining 0.54% in the North American session. The retreat was driven by rising US Treasury yields and a sudden deterioration in market sentiment following President Trump's statement that the ceasefire is "over."

The metal continues to exhibit a lower high structure on technical charts, suggesting bearish momentum remains in play. Traders are now watching for a potential decline toward the $55.00 level, a key target for short positions.

At the time of writing, XAG/USD was trading lower, with the macro backdrop favoring further downside as higher yields compete with precious metals for safe-haven flows.