Silver prices (XAG/USD) have continued their upward trajectory, rising for the second consecutive day to trade at approximately $84.30 per troy ounce during early European trading on Monday. This movement places the currency pair in an overbought zone, raising questions about the sustainability of these gains.
The recent increase in silver prices can be attributed to a combination of factors, including heightened demand for safe-haven assets amidst global economic uncertainties. As traders monitor fluctuations in the USD and the broader forex market, the exchange rate dynamics may influence future movements in XAG/USD. Market participants will be keen to see if silver can maintain this momentum or if profit-taking emerges in the coming sessions.
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Data Source: FX Killer Analysis Team Updated: 2026-01-12 07:48
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.