Silver prices (XAG/USD) have retreated to approximately $93.60 during Asian trading on Tuesday, as profit-taking sets in following a record high reached in the previous session. The recent surge in the price of silver has attracted sellers, prompting a decline from its peak as traders capitalize on gains made.
Despite the pullback, the ongoing safe-haven demand for silver may provide some support to the currency pair in the near term. Investors remain cautious, navigating market volatility and potential economic shifts, with fluctuations in the exchange rate between silver and the USD closely monitored by market participants.
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Data Source: FX Killer Analysis Team Updated: 2026-01-20 04:44
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.