Silver prices surged on Monday, with XAG/USD breaking above the $75 mark, driven by a robust gain of over 4%. This dramatic increase follows significant geopolitical developments over the weekend, particularly the ousting of Venezuelan President Nicolas Maduro by US special forces. The unrest in Venezuela has heightened demand for safe-haven assets, prompting traders to flock to silver.
The market's reaction reflects broader concerns surrounding geopolitical stability, which often leads to increased volatility in currency pairs. As investors seek refuge in precious metals, the surge in silver's value may impact exchange rates, notably against the USD and EUR. Analysts suggest that ongoing uncertainty in global politics could sustain silver's upward momentum in the near term, influencing trading strategies across the forex market.
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Data Source: FX Killer Analysis Team Updated: 2026-01-05 15:23
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.