Silver (XAG/USD) continues to strengthen, building on its recent gains as the currency pair experiences robust momentum for the second consecutive day on Tuesday. The price has now set its sights on breaking through the critical resistance level of $79.00, signaling potential further upside. This bullish trend reflects increasing investor confidence amid favorable market conditions.
The ongoing rally in silver prices can be attributed to a combination of factors, including a weaker USD and rising demand for safe-haven assets. As geopolitical uncertainties persist and economic data influences trading sentiment, traders are closely monitoring the exchange rate movements. Should XAG/USD successfully breach the $79.00 mark, it could pave the way for additional gains, attracting more investors to the market for this precious metal.
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Data Source: FX Killer Analysis Team Updated: 2026-01-06 07:46
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.