Silver (XAG/USD) sinks sharply more than 30% on Friday as the precious metals segment is being punished by the financial markets, with the grey metal falling more than $38 US Dollars at the time of writing. XAG/USD trades at $76.91, after reaching a daily high of $118.46.

India FX Reserves, USD climbed from previous $701.36B to $709.41B in January 19

India Federal Fiscal Deficit, INR down to 8558.42B in December from previous 9766.71B

South Africa Private Sector Credit climbed from previous 7.79% to 8.74% in December

Shiba Inu (SHIB) price slips below $0.0000077 on Thursday after correcting the previous day. Bearish sentiment is further strengthened as holders offload SHIB, increasing selling pressure and reducing Open Interest (OI) in the derivatives market.

The US Dollar Index (DXY) rebounded above 96.60 on Wednesday after White House Treasury Secretary Scott Bessent said the US has a strong-dollar policy, implying the right fundamentals are in place. Bessent also denied that the US was intervening in currency markets to support the Japanese Yen.

The Pound is trimming gains against the US Dollar on Wednesday, trading a few pips above 1.3780 at the time of writing, down from its highest levels in more than 4 years, at 1.3868.

Here is what you need to know on Wednesday, January 28:

Silver price trades choppy on Tuesday, after extending its gains on Monday sponsored by heightened geopolitical tensions, the US trade-war with its allies, re-ignited the “sell America” trade during the day. The XAG/USD trades at $108.00 after bouncing off daily lows of $103.00, modestly up 0.05%

Here is what you need to know on Tuesday, January 27:

Silver price rallies sharply more than 8% on Monday, as geopolitical tensions and broad US Dollar weakness, pushes the grey metal to record highs, past $110,00, hitting a record high of $117.73 shy of challenging the $120.00 mark. At the time of writing XAG/USD trades at $112.40.

The US Dollar (USD) collapsed, on headlines indicating that the United States (US) Federal Reserve (Fed) asked banks in New York about their position sizes in USD/JPY, leading to speculation that the US may be preparing to work with Japan on the Japanese Yen’s (JPY) ongoing weakness.

Litecoin (LTC) price recovers slightly, trading above $68 at the time of writing on Monday, after finding support around the lower boundary of the falling wedge pattern. Improving on-chain and derivatives signals suggest a potential recovery in LTC if buyers continue to defend the key support zone.

Cardano (ADA) price hovers around $0.34 at the time of writing on Monday, after three consecutive weeks of correction since early January. The falling Open Interest (OI) further supports the ongoing correction signaling waning investor participation.

EUR/USD registers solid gains late in the North American session on Friday after rumors of an intervention in the FX markets to boost the Japanese Yen sent the US Dollar (USD) sliding, with losses of over 0.70%, according to the US Dollar Index (DXY).

India FX Reserves, USD rose from previous $687.19B to $701.36B in January 12

Euro (EUR) is expected to continue to rise; the major resistance at 1.1805 is likely out of reach for now. In the longer run, increase in momentum suggest the likelihood of EUR reaching 1.1805 is rising, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Risk aversion eased after US President Donald Trump reiterated that he had agreed with NATO on "the framework of a future deal with respect to Greenland". Trump and NATO Secretary General Mark Rutte spoke in Switzerland.

Euro (EUR) is likely to consolidate within a range of 1.1655/1.1720. In the longer run, risk for EUR remains on the upside; the probability of it breaking above 1.1805 is not high for now, UOB Group's FX analysts Quek Ser Leang and Lee Sue Ann note.

Silver price (XAG/USD) retreats after reaching an all-time high (ATH) of $95.56 after US President Donald Trump eased his tone in his Davos speech, saying that he is ready to negotiate Greenland with Denmark. At the time of writing, XAG/USD trades at $93.57, down over 1%.

The Pound pulled back from session highs at the 213.50 area against the Japanese Yen on Tuesday, following mixed UK employment figures. Still, downside attempts remain contained above 212.30, leaving the pair in no man’s land.

Litecoin (LTC) price continues to trade below $70 on Tuesday, after reaching its lowest level in three months at $65.58 the previous day. The bearish outlook strengthens as whales offload LTC, increasing selling pressure.

Switzerland Producer and Import Prices (MoM) registered at -0.2%, below expectations (0.2%) in December

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground after two days of gains and trading around 99.20 during the European hours on Monday.

India FX Reserves, USD climbed from previous $686.8B to $687.19B in January 5

Euro (EUR) could drop to 1.1585 before stabilization can be expected; the major support at 1.1560 is unlikely to come under threat. In the longer run, weakness in EUR has likely resumed, with scope for a decline to 1.1560, UOB Group's FX analysts Quek Ser Leang and Lee Sue Ann note.

Euro (EUR) is likely to trade in a range between 1.1625 and 1.1660. In the longer run, EUR is still consolidating, but likely in a range of 1.1600/1.1700, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Litecoin (LTC) price extends losses, trading below $75 at the time of writing on Thursday, after failing to break through the key resistance zone. The rising activity among the dormant wallets supports the bearish sentiment.

In quite an erratic week, the US Dollar (USD) reversed Tuesday’s marked advance and shifted its attention to the opposite direction on the back of jitters surrounding the Fed’s independence as well as swelling speculation of further interest rate cuts by the Federal Reserve later in the year.

Silver price (XAG/USD) registers gain of 2% on Tuesday after reaching an all time high of 89.11 as the Greenback recovers amid a soft inflation report in the United States. At the time of writing, XAG/USD trades at $86.91 after bouncing off daily lows of $83.45.