Silver (XAG/USD) experienced a significant rally on Monday, soaring to a record high of $86.23 per troy ounce. This surge, marking a daily gain of nearly 7.50%, was driven by the recent indictment of Federal Reserve Chair Jerome Powell by the US Department of Justice. The news prompted traders to reassess the stability of the USD, influencing the exchange rates across various currency pairs.
As market participants react to the implications of the indictment, the strong upward movement in silver prices may suggest a shift in investor sentiment towards safe-haven assets. The heightened volatility in the forex market could also impact currencies like the EUR and JPY, as traders look for opportunities amid uncertainty surrounding US monetary policy and its effects on inflation and interest rates.
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Data Source: FX Killer Analysis Team Updated: 2026-01-12 17:23
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.