FX.co ★ Silver Slides Over 3%

Silver experienced a more than 3% decline, settling near $77 per ounce on Monday, retreating from its recent high of $81 as investors began to take profits amid indications of de-escalating geopolitical tensions. President Donald Trump expressed that peace discussions with Ukrainian President Volodymyr Zelenskiy have made significant headway, although a final agreement might still be several weeks away. He also mentioned his willingness to address Ukraine's parliament, engage in trilateral discussions with both Zelenskiy and Russian President Vladimir Putin, and meet with European leaders in January. Zelenskiy noted that the framework is almost entirely agreed upon, with US-Ukraine security guarantees fully established, though some crucial issues remain unresolved. Despite this pullback, silver is projected to achieve a gain of approximately 166% by 2025, driven by speculative interest, ongoing supply disruptions stemming from an October short squeeze, substantial central bank purchases, increased ETF inflows, and three Federal Reserve rate cuts, with markets increasingly anticipating additional easing in 2026.