XAG/USD News Today, Nov 29: Silver Reaches Record High Amid Supply Deficit

Silver’s performance has caught the attention of investors, as its price surged to a record high of $56.40. This dramatic rise, fueled by bullish momentum, stems from key factors such as industrial demand and a significant supply deficit. In Australia, traders are keenly watching XAG/USD trends, driven further by expectations of dovish policies from the Federal Reserve. Let’s explore the forces behind this silver rally and how it impacts the market.