Silver (XAG/USD) is currently trading in a narrow range around the $58.00 mark during the late Asian trading session on Tuesday. The price action reflects a period of consolidation as traders remain cautious, waiting for the imminent monetary policy announcement from the Federal Reserve, which is set to take place on Wednesday.
Market participants are closely monitoring the Fed's stance on interest rates and potential policy changes, which could significantly influence the exchange rate of silver against the USD. As the market positions itself ahead of this key announcement, fluctuations in trading volume and investor sentiment are expected, potentially impacting the future direction of XAG/USD.
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Data Source: FX Killer Analysis Team Updated: 2025-12-09 06:32
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.