Silver prices (XAG/USD) experienced a slight pullback during the late Asian trading session on Thursday, trading down 0.8% to around $58.00 after reaching an all-time high of approximately $59.00 the previous day. This pause in the rally indicates a moment of consolidation for the currency pair as traders assess market conditions and potential catalysts for the next move.
Despite the recent dip, the overall upside bias for silver remains intact, fueled by ongoing demand dynamics and macroeconomic factors. Market participants are closely monitoring developments in the USD and broader economic indicators, which could influence the exchange rate and dictate the next directional shift for XAG/USD. As the trading week progresses, key resistance levels will be tested, making it crucial for traders to stay vigilant.
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Data Source: FX Killer Analysis Team Updated: 2025-12-04 07:42
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.