Silver (XAG/USD) has faced resistance in the Asian trading session, unable to maintain its upward momentum after reaching a high of $54.40-$54.45, the highest level since October 17. The precious metal has now formed a bearish multiple top near the $54.50 supply zone, signaling potential challenges ahead.
As traders assess the market dynamics, the retreat from this peak may suggest a shift in sentiment. With the exchange rate oscillating under pressure, investors will be closely monitoring developments that could influence silver's trajectory in the coming sessions. The interplay between the USD and other currencies remains a critical factor as trading volumes fluctuate in response to broader economic indicators.
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Data Source: FX Killer Analysis Team Updated: 2025-11-28 05:19
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.