Silver prices experienced a notable correction during the Asian trading session on Thursday, with XAG/USD sliding nearly 6% to settle around $86.50. This decline comes on the heels of reports indicating that Iran has ceased its violent crackdown on protesters, leading to a shift in market sentiment. As geopolitical tensions ease, traders are reassessing their positions in precious metals.
The movement in the silver market reflects broader trends in safe-haven assets as investors weigh the implications of stabilizing conditions. The current exchange rate of XAG/USD suggests significant volatility, prompting traders to remain vigilant. With silver's recent correction, analysts are considering potential support levels and future trading strategies as the market adjusts to this new landscape.
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Data Source: FX Killer Analysis Team Updated: 2026-01-15 03:40
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.