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Silver Shines as Safe-Haven Demand Returns Amid US Dollar Weakness
On July 10, 2025, Silver (XAG/USD) extends gains near $36.50, as traders seek shelter amid growing macro uncertainty and revived global risk aversion. Safe-haven demand lifted precious metals and the Japanese Yen earlier in the session, though JPY later gave up gains on reduced BoJ rate hike bets. The US Dollar continues to weaken across the board, supporting high-beta currencies like the Australian Dollar and New Zealand Dollar. Meanwhile, EUR/JPY pulls back from yearly highs as broader sentiment softens. All eyes now turn to the upcoming US Initial Jobless Claims report for clues on labor market strength and Fed ... (full story)
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- Jul 10, 2025 12:27am Posted byTechnical Analysis27,168
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