Silver prices (XAG/USD) continued their upward momentum, reaching nearly $72.70 in early European trading on Wednesday. This bullish movement is largely attributed to persistent dovish sentiments surrounding the Federal Reserve's monetary policy, which has bolstered demand for the precious metal as a hedge against economic uncertainty.
As traders remain focused on the evolving economic landscape, the sustained rally in silver reflects heightened interest in safe-haven assets. With the current exchange rate approaching key resistance levels, market participants are closely monitoring the impact of potential shifts in Fed policy and their implications for both the USD and broader market dynamics. The ongoing strength in XAG/USD suggests a robust outlook for silver as investors navigate a volatile trading environment.
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Data Source: FX Killer Analysis Team Updated: 2025-12-24 06:33
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.