Silver (XAG/USD) experienced a pullback on Thursday as traders took profits after reaching a record high of $58.98 on Wednesday. The current exchange rate for XAG/USD stands at approximately $56.87, reflecting a decline of around 2.77% for the day. This easing may indicate that bullish momentum is slowing, as market participants reassess their positions.
The recent RSI divergence suggests a potential shift in sentiment, prompting some traders to capitalize on gains. While the silver market remains volatile, this dip could provide opportunities for investors looking to enter or adjust their strategies. As the currency pair fluctuates, the implications for both short-term traders and long-term holders will be closely monitored in the coming sessions.
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Data Source: FX Killer Analysis Team Updated: 2025-12-04 14:47
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.