Silver (XAG/USD) is experiencing a notable downturn as it trades around $75 on Thursday, reflecting a decrease of 4.20% for the day. This retreat comes amid a calm market environment, highlighting the impact of profit-taking strategies by traders. The decline in silver prices underscores the volatility often seen in the precious metals market, especially when traders adjust their positions.
Anticipation surrounding upcoming US labor data is further weighing on the currency pair. Investors are closely monitoring economic indicators that could influence the exchange rate of the US dollar (USD) against other currencies, including the euro (EUR). As traders remain cautious, the fluctuations in silver prices may continue as market participants react to both profit-taking and macroeconomic developments.
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Data Source: FX Killer Analysis Team Updated: 2026-01-08 15:50
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.