Silver (XAG/USD) is consolidating near its record highs, trading at $93.90 as of Thursday. The precious metal saw some recovery after easing tensions between the US and the EU, but it struggled to maintain upward momentum. The current price remains below the all-time high of $95.89, which was reached earlier this week on Tuesday.
The market's risk sentiment has improved slightly, reducing safe-haven demand and causing XAG/USD to stagnate. While the softer USD and broader market conditions have supported silver, traders are awaiting further catalysts to drive the currency pair higher. The focus remains on any developments in US-EU relations and their potential impact on silver’s price trajectory.
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Data Source: FX Killer Analysis Team Updated: 2026-01-22 15:38
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.