Silver (XAG/USD) is experiencing a pullback, trading at approximately $91.70 per ounce on Thursday, down 1.70% for the day. Earlier in the session, the white metal reached a historic high near $94, driven by heightened safe-haven demand. However, the market is now correcting as traders engage in profit-taking.
The decline in silver prices reflects a partial retreat in safe-haven interest, suggesting a shift in market sentiment. As the USD strengthens against other currencies, including the EUR, investors may be reassessing their positions in precious metals. This adjustment could have implications for future trading patterns in the silver market, as traders closely monitor economic indicators and geopolitical developments.
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Data Source: FX Killer Analysis Team Updated: 2026-01-15 18:35
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.