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January 22, 2025

Silver Prices Surge Near Monthly High as US Dollar Weakens

Silver prices (XAG/USD) surged back, reclaiming a monthly high of $30.95 during the European session on Wednesday. This strength can be attributed to the continued downward trajectory of the US Dollar, catalyzed by the recent easing of tariff concerns from President Trump’s administration. As a result, silver gains momentum, reflecting investor sentiment and a renewed interest in precious metals.

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