diff --git a/system/src/Grav/Common/Page/Markdown/Excerpts.php b/system/src/Grav/Common/Page/Markdown/Excerpts.php
index 8d7ad16c9..b63ed3972 100644
--- a/system/src/Grav/Common/Page/Markdown/Excerpts.php
+++ b/system/src/Grav/Common/Page/Markdown/Excerpts.php
@@ -100,6 +100,10 @@ class Excerpts
         if (Uri::isExternal($url) && !str_starts_with($url, $grav['base_url_absolute'])) {
             return $excerpt;
         }
+        if (str_starts_with($url, '/-') && str_ends_with($url, '-/')) {
+            // Twig in markdown
+            return $excerpt;
+        }
 
         $url_parts = $this->parseUrl($url);
 
@@ -194,6 +198,10 @@ class Excerpts
         if (Uri::isExternal($url) && !str_starts_with($url, $grav['base_url_absolute'])) {
             return $excerpt;
         }
+        if (str_starts_with($url, '/-') && str_ends_with($url, '-/')) {
+            // Twig in markdown
+            return $excerpt;
+        }
 
         $url_parts = $this->parseUrl($url);
 
diff --git a/system/src/Grav/Common/Page/Page.php b/system/src/Grav/Common/Page/Page.php
index 6ccb726db..0041a3641 100644
--- a/system/src/Grav/Common/Page/Page.php
+++ b/system/src/Grav/Common/Page/Page.php
@@ -940,8 +940,8 @@ class Page implements PageInterface
         $content = $this->content;
         if ($keepTwig) {
             $token = [
-                '/' . Utils::generateRandomString(3),
-                Utils::generateRandomString(3) . '/'
+                '/-' . Utils::generateRandomString(3),
+                Utils::generateRandomString(3) . '-/'
             ];
             // Base64 encode any twig.
             $content = preg_replace_callback(