Silver prices (XAG/USD) are exhibiting a sideways movement near the all-time high of $95.90 as the early European session unfolds. The metal's consolidation comes as traders remain on edge ahead of a highly anticipated speech by U.S. President Donald Trump at the World Economic Forum in Davos, set for 13:00 GMT. Market participants are keenly observing any indications from Trump's remarks that could influence the USD's strength and overall market sentiment.
As the exchange rate for silver hovers near record levels, fluctuations could arise depending on the content of Trump's address and its potential to impact U.S. economic policy. Investors are particularly focused on how any shifts in the dollar's value might affect trading strategies across various currency pairs, including EUR/USD and GBP/USD. With the market poised for reaction, trading in XAG/USD could see increased volatility in the wake of the speech.
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Data Source: FX Killer Analysis Team Updated: 2026-01-21 06:35
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.