Silver continues its impressive rally, now nearing the upper boundary of a steep ascending channel around $96.50 to $97.00. Despite reaching multi-year highs in momentum indicators, Société Générale's FX analysts caution that the trend appears overstretched, signaling potential volatility ahead for traders in the precious metals market.
As silver's exchange rate rises, traders are closely monitoring the implications for currency pairs, particularly those involving the USD and EUR. The ongoing strength in silver may influence broader market dynamics, prompting investors to reassess their strategies as they navigate the shifting landscape of commodity trading.
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Data Source: FX Killer Analysis Team Updated: 2026-01-14 10:25
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.