Silver prices remained under pressure on Tuesday, trading around $60.80, just below the $61.00 mark. This level marks the lowest price for silver in nearly two months, signaling ongoing weakness in the metal's market.
According to FX Street, silver (XAG/USD) is on track for an 8.5% monthly decline in September, reflecting significant selling pressure throughout the month. This downturn highlights challenges in the precious metals sector amid broader market dynamics.
For Japanese investors, the silver price movement is notable given the yen's fluctuations against the US dollar, which can impact the local value of dollar-denominated commodities like silver.