Silver prices (XAG/USD) soared to nearly $75.40 during the Asian trading session on Monday, driven by rising demand for safe-haven assets amid geopolitical tensions. The surge followed the recent U.S. military action against Venezuela, which has heightened concerns over global stability and prompted traders to seek refuge in precious metals like silver.
This spike in XAG/USD reflects a broader trend in the forex market, where investors are increasingly cautious in response to escalating conflicts. The exchange rate of silver against the USD is expected to remain volatile as market participants assess potential ramifications of U.S. foreign policy. Analysts suggest that ongoing geopolitical uncertainties could sustain upward pressure on the white metal, positioning it as a key player in the trading landscape.
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Data Source: FX Killer Analysis Team Updated: 2026-01-05 05:36
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.