Silver (XAG/USD) is currently trading around $95.50, reflecting a 1.20% increase for the day. Earlier, the precious metal reached a new all-time high of $95.89, driven by heightened geopolitical tensions and strong demand for safe-haven assets. Traders are closely monitoring the ongoing volatility in the markets, which continues to bolster silver's appeal as a protective investment.
The surge in silver's exchange rate underscores the market's reaction to global uncertainties, leading many investors to shift their focus towards reliable commodities. As trading resumes, analysts are speculating on whether silver can maintain its upward momentum or if profit-taking might temper further gains. With the USD's fluctuating strength and the overall economic climate, silver remains a pivotal asset in the forex landscape.
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Data Source: FX Killer Analysis Team Updated: 2026-01-20 14:59
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.