Silver prices edged down to around $66.10 per troy ounce during Asian trading hours on Monday, following hawkish comments from Federal Reserve Chair Kevin Warsh, according to FX Street. The remarks reinforced expectations of tighter US monetary policy, which weighed on precious metals.
Meanwhile, the USD/CAD exchange rate declined to approximately 1.3890, supported by rising crude oil prices amid ongoing US-Iran tensions, FX Street reported. The Canadian dollar typically benefits from higher oil prices due to Canada’s role as a major energy exporter.
For Japanese investors, these movements highlight the interconnectedness of global commodity prices and currency pairs, particularly as shifts in US monetary policy and geopolitical risks continue to influence market dynamics.