Silver (XAG/USD) soared to a record high above $56 on Friday, driven by bullish market sentiment and a dovish outlook from the Federal Reserve. Strong industrial and investment demand for silver has propelled the currency pair, reflecting heightened interest amid economic uncertainty. The robust trading activity underscores a shift in investor focus towards precious metals, particularly as concerns about inflation persist.
As the exchange rate for XAG/USD continues to climb, traders are closely monitoring the implications of the Fed's monetary policy on the broader market. With expectations for sustained low interest rates, silver's appeal as a hedge against inflation grows stronger. This surge in price not only highlights silver's resilience in the current economic landscape but also positions it as a key player in the forex market, attracting both retail and institutional investors alike.
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Data Source: FX Killer Analysis Team Updated: 2025-11-28 18:49
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.