Silver Eases After Record High Amid US-China Tensions and Fed Focus

Silver (XAG) Forecast: Bearish Reversal in Play as Silver Drops Below $52.32

Silver retreats from $53.62 as reversal top forms and short squeeze fades. Traders eye Fed signals and silver analysis for next move.

Silver eases after record high amid US-China tensions and Fed focus

Silver (XAG/USD) declines by 1% on Tuesday, trading around $51.75 per ounce at the time of writing, after reaching a new record high at $53.77 earlier in the day.

Silver Price Reaches Record High - Action Forex

The previous peak was set in 1980, but this week the price of silver rose above $53 for the first time ever, as shown on the XAG/USD chart. Bullish sentiment has been driven by political factors, sustained demand from central banks, and the metal’s growing use in modern industries such as renewable energy. Meanwhile, media […] The post Silver Price Reaches Record High appeared first on Action Forex.

Silver Price Reaches Record High

The previous peak was set in 1980, but this week the price of silver rose above $53 for the first time ever, as shown on the XAG/USD chart.Bullish sentiment has been driven by political factors, sustained demand from central banks, and the metal’s growing use in modern industries such as renewable energy.Meanwhile, media reports are adding to the sense of market frenzy, noting:→ shortages in physical supply;→ forced liquidation of short position…