Silver (XAG/USD) continues its downward trend, now hovering around $91.00 during Friday's European trading session. This marks the second consecutive day of losses for the precious metal, driven by a prevailing risk-on sentiment in global markets. As investors shift focus towards higher-risk assets, silver's appeal as a safe haven diminishes, leading to increased selling pressure on the currency pair.
The recent movement in XAG/USD is reflective of broader market dynamics, with the USD gaining traction against various currencies, including the EUR. The current exchange rate suggests a cautious outlook for silver in the near term, particularly if risk appetite remains strong. Traders will be monitoring key support levels closely, as further declines could prompt a reassessment of the metal's trading prospects in the coming sessions.
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Data Source: FX Killer Analysis Team Updated: 2026-01-16 08:56
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.