Silver prices (XAG/USD) soared to an all-time high near $66 during the Asian trading session on Wednesday, driven by disappointing U.S. economic indicators. The release of weak employment data, along with subpar Retail Sales and the flash S&P Global Purchasing Managers’ Index (PMI), has heightened concerns about the U.S. economy, prompting traders to seek refuge in safe-haven assets like silver.
As a result, the exchange rate for XAG/USD has shown a robust upward trajectory, reflecting increased demand amid ongoing economic uncertainties. This surge could have significant implications for forex traders, particularly those dealing with the USD and EUR, as market sentiment shifts in response to the evolving economic landscape. The resilience of silver in the wake of negative U.S. data highlights its potential as a strategic asset in uncertain times.
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Data Source: FX Killer Analysis Team Updated: 2025-12-17 05:46
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.