Silver (XAG/USD) surged on Tuesday, reaching a new all-time high of $60.75, up more than 4% for the day and an impressive 110% year-to-date. Currently trading at $60.65, the precious metal's upward momentum reflects strong demand amid ongoing economic uncertainty and inflationary pressures, prompting traders to seek safe-haven assets.
However, a divergence noted in the Relative Strength Index (RSI) signals a potential cautionary trend. As prices climb, the weakening momentum may indicate that silver could be due for a correction. Traders are advised to monitor market conditions closely, as fluctuations in the exchange rate could significantly impact future price movements for this currency pair.
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Data Source: FX Killer Analysis Team Updated: 2025-12-09 21:17
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.