Silver (XAG/USD) is maintaining its strong position, trading near the $66.00 mark during Wednesday’s European session. The currency pair reached an all-time high of $66.54 earlier in the day, buoyed by market speculation surrounding potential further easing measures from the Federal Reserve. The lack of positive momentum from delayed US labor figures has contributed to the ongoing uncertainty in the USD.
As traders navigate the current market landscape, the exchange rate for silver reflects increasing demand amid expectations of a dovish Fed stance. The resilience of XAG/USD could signal a shift in investor sentiment, particularly as concerns mount over the strength of the US economy. Consequently, traders will be closely monitoring economic indicators that could influence future price action in this precious metal.
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Data Source: FX Killer Analysis Team Updated: 2025-12-17 11:20
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.