Silver (XAG/USD) encountered selling pressure during the Asian session on Tuesday, retreating from the previous day's gains as it fell below the crucial 100-hour simple moving average support level around $62.50. The white metal lost over 2.5%, dropping into the mid-$62.00s, indicating a shift in market sentiment.
This decline reflects broader market dynamics, including fluctuations in the USD and changes in investor appetite for safe-haven assets. As silver trades closer to record highs, ongoing volatility in currency pairs is influencing trading strategies, leading to increased caution among traders in the face of potential market corrections.
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Data Source: FX Killer Analysis Team Updated: 2025-12-16 04:10
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.