Silver (XAG/USD) continues its upward trajectory, trading at $72.05 on Wednesday, marking a 0.70% increase for the day. This rise extends its bullish momentum for the fourth consecutive day, as the precious metal reached an all-time high of $72.71 earlier in the session. The ongoing demand for silver reflects a strong investor sentiment driven by hopes of Federal Reserve easing.
The surge in silver prices is largely attributed to its appeal as a safe-haven asset amidst economic uncertainties. As traders closely monitor the potential shifts in monetary policy, the currency pair's performance indicates a growing preference for precious metals over traditional currencies like the USD and EUR. The current market dynamics suggest that silver's valuation may continue to rise as investors seek refuge from volatility in broader financial markets.
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Data Source: FX Killer Analysis Team Updated: 2025-12-24 14:44
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.