Silver (XAG/USD) has surged past the $60 mark for the first time, marking a significant milestone in its historic rally. The currency pair's bullish momentum is intensifying as traders position themselves ahead of the Federal Reserve's impending interest rate decision. This breakthrough reflects growing investor confidence and suggests a potential for further upside as market participants react to shifting economic conditions.
As silver continues to climb, technical indicators are pointing towards sustained gains. Analysts are closely monitoring trends that could influence the exchange rate, particularly in relation to movements in the USD. With heightened volatility in precious metals, investors are advised to stay alert for potential shifts in trading strategies as the market reacts to the Fed's announcements and broader economic developments.
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Data Source: FX Killer Analysis Team Updated: 2025-12-09 18:52
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.