Silver (XAG/USD) continued its impressive rally on Tuesday, climbing 2.80% and surpassing the significant threshold of $71, marking a new record high. This surge is largely driven by increased safe-haven demand as investors seek refuge amid economic uncertainties and shifting monetary policy expectations.
The rising prices in the silver market reflect growing confidence in precious metals as a hedge against inflation and volatility, particularly as speculation about potential Federal Reserve easing intensifies. As the exchange rate for XAG/USD approaches historic peaks, traders are closely monitoring this momentum for possible implications on broader market trends in commodities and currency pairs.
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Data Source: FX Killer Analysis Team Updated: 2025-12-23 18:55
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.