Silver prices are currently holding steady around the $54.00 mark, following a recent rejection at the critical resistance level of $54.40. The currency pair XAG/USD has seen traders closely monitoring this area, as it remains pivotal for bullish momentum in the market. A sustained push above $54.40 could signal renewed strength for silver, driving exchange rates higher.
Market participants are assessing various factors influencing the precious metal's performance. As the USD continues to fluctuate against major currencies like the EUR, these dynamics could impact silver trading. A break past the $54.40 resistance could attract further buying interest, while failure to do so may lead to a reassessment of bullish positions among investors.
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Data Source: FX Killer Analysis Team Updated: 2025-11-28 11:18
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.