Silver prices (XAG/USD) are experiencing a notable rally, trading around $85.75 during the early European session on Tuesday. This surge brings the white metal closer to its record high as traders seek refuge in safe-haven assets amid rising uncertainty surrounding the US Federal Reserve's independence. The growing concerns over monetary policy are driving investors to favor precious metals over traditional currency pairs.
As the market reacts to these developments, the exchange rate for silver is poised for a potential breakout above the critical $85.50 level. The Fed’s stance on interest rates and inflation continues to influence trading dynamics, heightening demand for silver as a hedge. This movement not only reflects changing investor sentiment but also underscores the ongoing volatility within the broader forex market, particularly against the backdrop of fluctuating USD and EUR rates.
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Data Source: FX Killer Analysis Team Updated: 2026-01-13 04:25
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.