Silver prices (XAG/USD) are on a robust upward trajectory, marking their fifth consecutive session of gains. Currently trading around $54.00 per troy ounce during early European hours, silver is edging closer to its all-time high of $54.86, reached on October 16. This positive movement can be attributed to improved market sentiment and increased demand for safe-haven assets amid ongoing geopolitical uncertainties.
The strength of the XAG/USD currency pair reflects a broader trend in the precious metals market, as investors seek refuge in commodities over more volatile assets. With silver maintaining its bullish momentum, traders are closely monitoring the exchange rate for potential breaks above key resistance levels. As sentiment continues to shift favorably, the implications for both silver investors and the broader market landscape remain significant.
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Data Source: FX Killer Analysis Team Updated: 2025-11-13 07:18
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.