Silver prices soared to a new all-time high of $67.45 for the XAG/USD currency pair on Friday, defying the firm US Treasury yields and a stable Dollar. This significant rally occurred despite a lack of major catalysts, with market participants closely monitoring economic indicators. The US Consumer Sentiment poll from the University of Michigan revealed that households are cutting back on spending for durable goods, reflecting growing caution among consumers.
The surge in silver prices highlights a notable trend in the precious metals market, as traders shift their focus to safe-haven assets amid economic uncertainty. With the current exchange rate for XAG/USD reaching unprecedented levels, market analysts will be keenly observing whether this momentum can be sustained in the coming weeks. As prices continue to climb, implications for other currency pairs, such as USD/EUR, may arise, further influencing trading strategies in the forex market.
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Data Source: FX Killer Analysis Team Updated: 2025-12-19 20:44
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.