Silver (XAG/USD) surged to a new all-time high, trading at $69.05, reflecting a remarkable 2.75% increase on the day. Earlier, the precious metal peaked at $69.47, driven by expectations of a Federal Reserve rate cut and ongoing weakness in the U.S. dollar. This bullish trend underscores the growing investor confidence in silver as a safe haven amidst fluctuating economic conditions.
The recent decline in USD value has created favorable trading conditions for silver, prompting investors to capitalize on the momentum. The exchange rate dynamics between the USD and other currencies, such as the EUR, are contributing to heightened demand for precious metals. As silver continues to climb, market participants are closely monitoring upcoming economic indicators that could further influence Fed policy and impact the broader forex landscape.
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Data Source: FX Killer Analysis Team Updated: 2025-12-22 14:45
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.