Silver (XAG/USD) is currently experiencing a bullish consolidation phase as it trades near its all-time high of approximately $61.00, a level reached earlier this week. During the Asian session, the currency pair has been oscillating in a narrow range, indicating strong market interest and potential for further upward movement.
The impressive rally in silver prices can be attributed to a combination of factors, including increased demand for safe-haven assets amid ongoing economic uncertainties and fluctuations in the USD exchange rate. Traders are closely monitoring these developments, as any breakout above the $61.00 mark could signal a new bullish trend, attracting more buying interest in the silver market.
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Data Source: FX Killer Analysis Team Updated: 2025-12-10 04:07
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.