Silver has surged past the $60 per ounce mark, reaching a new record high as traders anticipate imminent rate cuts from the Federal Reserve. This price movement reflects shifting market sentiment and tightening supply conditions, which have historically allowed silver to outperform gold during periods of monetary easing, according to ING commodity experts Ewa Manthey and Warren Patterson.
The recent momentum in silver can significantly impact the broader forex market, particularly the USD. As investors pivot towards precious metals amidst expectations of a softer dollar, the exchange rates of currency pairs like EUR/USD may also see fluctuations as traders adjust their positions. This demand for silver indicates a potential shift in asset allocation strategies, with implications for future trading patterns in both the commodities and currency markets.
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Data Source: FX Killer Analysis Team Updated: 2025-12-10 09:48
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.