Silver prices (XAG/USD) have surged to approximately $63.75, nearing a potential retest of its all-time high during Asian trading hours on Friday. This upward movement is driven by increasing industrial demand and a weaker US Dollar (USD), which has enabled silver to gain traction in the market. The recent inclusion of silver in the US critical minerals list further fuels optimism among traders.
As the exchange rate for XAG/USD climbs, market participants are closely watching for any signs of sustained momentum. The combination of rising demand and a softer USD suggests that the bullish trend may continue, potentially attracting more investors to the silver market. With the metal's strong performance, analysts are keen to see if it can break through key resistance levels and establish a new trading range in the coming sessions.
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Data Source: FX Killer Analysis Team Updated: 2025-12-12 03:22
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.