Silver Holds Steady Near $61.50 Amid US Dollar and Treasury Yield Retreat

Silver (XAG/USD) prices remain range-bound below their daily simple moving averages, trading close to $61.50 as of Tuesday. This level reflects a modest intraday gain of 0.75%, supported by a retreat in the US Dollar and US Treasury yields, according to FX Street.

The pullback in the US Dollar and Treasury yields typically boosts precious metals demand, providing silver with some upward momentum despite its overall range-bound status. Traders continue to monitor these macro factors closely for potential shifts in momentum.

For Japanese investors, silver’s price behavior is particularly relevant given the ongoing yen volatility and interest rate dynamics impacting both FX and commodity markets domestically.