Silver prices experienced a notable decline on Tuesday, with XAG/USD trading at $56.96 per troy ounce, marking a 1.66% drop from Monday's closing price of $57.92. This downward movement reflects the current volatility in the precious metals market, influenced by shifting investor sentiment and broader market trends.
The decline in silver's exchange rate can be attributed to various factors, including fluctuations in the USD and adjustments in trading positions among large investors. As traders closely monitor economic indicators and geopolitical developments, silver's performance may continue to be affected, impacting its appeal as a safe-haven asset amid uncertain market conditions.
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Data Source: FX Killer Analysis Team Updated: 2025-12-02 10:22
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.