Silver (XAG/USD) has lost more than $10 since hitting a fresh record high near $86.00 on Monday’s early trading. The precious metal has retreated to levels in the $74.00 area at the time of writing, weighed by comments by US President Trump about the chances of a peace deal in Ukraine.
The British Pound (GBP) trades slightly lower against the Japanese Yen (JPY) on Wednesday, though thin holiday trading conditions are keeping price action contained within a tight range.
Gold (XAU/USD) treads water on Wednesday, with prices consolidating after surging to a fresh all-time high near $4,526 earlier today. Volatility picked up during the Asian session amid thin holiday liquidity ahead of Christmas, encouraging mild profit-taking at elevated levels.