Silver prices surged to an unprecedented $93.75 per troy ounce on Thursday morning, driven by persistent tight supply in the market. This remarkable climb reflects increasing demand for the metal, further influencing its trading dynamics. The Gold/Silver ratio dipped below the critical 50 level, marking its first decline below this threshold since March 2012, highlighting silver's strengthening position against gold.
As silver continues to rise, traders are closely monitoring its impact on currency pairs, particularly the USD and EUR. The ongoing volatility in precious metals may prompt shifts in trading strategies, as investors seek to capitalize on fluctuations in exchange rates. With silver's record highs, market participants are reassessing their positions, anticipating potential adjustments in the broader commodities landscape.
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Data Source: FX Killer Analysis Team Updated: 2026-01-16 16:28
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.