Silver (XAG/USD) has seen a notable rally, achieving fresh highs as it trades above the $64.00 mark for the fourth consecutive day. Earlier in the session, the precious metal reached a record peak of $64.62. This surge in silver prices comes amidst a weakening US Dollar, which continues to struggle in the current trading environment.
The strong performance of silver highlights its appeal as a safe-haven asset, particularly during stable market conditions. As traders closely monitor the exchange rate fluctuations between the USD and other currencies like the EUR, the ongoing weakness of the Dollar is likely to bolster silver’s position further, encouraging continued buyer interest in the precious metal.
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Data Source: FX Killer Analysis Team Updated: 2025-12-12 10:48
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.