Silver (XAG/USD) is currently trading above the $93.00 mark, approaching its all-time high of $93.90 achieved last week. This surge is primarily driven by heightened risk aversion in the markets following U.S. President Trump's announcement of additional tariffs on several major European partners. The escalation of trade tensions has intensified investor caution, prompting a shift towards safe-haven assets like silver.
As traders react to the evolving geopolitical landscape, the XAG/USD exchange rate remains sensitive to further developments. The risk-off sentiment is expected to persist, keeping silver's upward trajectory in focus as investors seek stability amidst uncertainty. With the $93.90 level in sight, market participants will be closely monitoring any potential factors that could influence the price movement of this key currency pair.
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Data Source: FX Killer Analysis Team Updated: 2026-01-19 10:56
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.