Silver prices (XAG/USD) have experienced a notable downturn, trading over 2% lower at approximately $90.40 during the Asian session on Friday. This retreat follows a remarkable rally that saw the white metal reach a record high of nearly $93.90 earlier in the week. The current exchange rate reflects increased volatility as traders digest recent developments in the commodities market.
The pullback in silver prices coincides with the U.S. government's decision to forgo tariffs on critical minerals, which has influenced market sentiment. As investors reassess their positions in light of this news, the silver market faces pressure to maintain its upward momentum. Analysts will be closely monitoring these shifts, as they could signal broader implications for the currency pair in upcoming trading sessions.
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Data Source: FX Killer Analysis Team Updated: 2026-01-16 03:39
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.