Silver (XAG/USD) has seen renewed buying interest as it rebounds from its recent dip, currently holding steady around $62.50. This movement follows a brief retracement from last week's all-time high of approximately $64.65, where the precious metal faced selling pressure. The bounce off the 100-hour simple moving average (SMA) indicates a potential shift in sentiment among traders.
As the new trading week unfolds, the exchange rate for silver remains a focal point for market participants. The ongoing strength in demand may reflect broader market dynamics, including shifts in investor appetite for safe-haven assets amidst ongoing economic uncertainties. Traders will be closely monitoring these price movements, particularly as XAG/USD seeks to establish a sustained recovery path beyond recent peaks.
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Data Source: FX Killer Analysis Team Updated: 2025-12-15 03:41
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.