Silver (XAG/USD) has experienced a pullback, trading around $72.20 during European trading hours on Wednesday, after a significant 4.5% gain in the previous session. This decline suggests a possible test of the nine-day EMA support level just below the $72 mark. The recent fluctuations highlight the currency pair's volatility amid broader market movements.
Despite the current dip, silver prices are poised for an impressive annual gain exceeding 150% in 2025, marking the strongest performance in years. This bullish outlook reflects heightened demand for precious metals as investors seek safe-haven assets in uncertain economic conditions. The ongoing fluctuations in exchange rates continue to influence trading strategies, with traders closely monitoring the XAG/USD dynamics for further opportunities.
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Data Source: FX Killer Analysis Team Updated: 2025-12-31 09:24
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.