Silver (XAG/USD) is trading robustly above the $62.00 threshold during Thursday’s European session, maintaining a strong bid as it approaches its all-time high of $62.89. The currency pair's resilience highlights continued demand for silver, driven by various market factors, including inflation concerns and shifts in investor sentiment toward precious metals.
As traders monitor the movement of XAG/USD, the interplay between the USD and other currencies, such as the EUR, could significantly influence trading dynamics. A sustained break above the critical resistance level of $62.89 may open the door for further bullish momentum, suggesting a favorable outlook for silver in the near term amid global economic uncertainty.
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Data Source: FX Killer Analysis Team Updated: 2025-12-11 10:49
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.