Silver (XAG/USD) is experiencing slight downward movement, currently trading at $53.25, reflecting a 0.15% decline on the day. This modest pullback comes amid a rebound in the US dollar, which has strengthened following recent market dynamics. The thin liquidity due to the US Thanksgiving holiday is contributing to a range-bound trading environment for the white metal.
Market sentiment remains influenced by the outlook for Federal Reserve rate cuts, which continues to support demand for silver. As traders navigate these developments, the exchange rate for silver is likely to remain sensitive to fluctuations in USD strength and overall market volatility. With the holiday trading conditions, any significant shifts in economic indicators or Fed communications could lead to heightened activity in the silver market in the coming days.
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Data Source: FX Killer Analysis Team Updated: 2025-11-27 17:16
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.