Silver (XAG/USD) experienced a notable price increase on Monday, climbing more than 3% to reach levels not seen in seven weeks. According to FX Street, the precious metal peaked at around $66.07 during the session.
At the time of reporting, XAG/USD was trading slightly lower at $65.76, still maintaining strong gains for the day. This upward movement highlights renewed interest in silver amid evolving market dynamics, including influences from US Treasury yields.
For Japanese investors, the rise in silver prices may reflect broader shifts in safe-haven demand and currency fluctuations, factors that often impact commodity trading in the region.