Silver (XAG/USD) has seen a significant decline, dropping over $10 from its recent peak of nearly $86.00 earlier this week. As of the latest trading session, the precious metal has settled around the $74.00 mark, reflecting a notable retracement influenced by remarks from US President Trump regarding the prospects of a peace agreement in Ukraine.
This sharp decline in silver prices underscores the volatility in the market, particularly as geopolitical developments continue to sway investor sentiment. The fluctuating exchange rate of XAG/USD indicates a cautious stance from traders, who are closely monitoring the situation for potential impacts on both the precious metals sector and broader currency markets. As the USD strengthens amid these discussions, market participants may need to adjust their strategies in response to shifting dynamics.
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Data Source: FX Killer Analysis Team Updated: 2025-12-29 09:53
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.