Silver Nears $60 as Treasury Yields and Dollar Weaken

Silver prices jumped more than 2.70% on Thursday, approaching the $60 mark amid declines in US Treasury yields and the US Dollar, according to FX Street. The precious metal rebounded from daily lows of $57.59 to trade around $59.94 at the time of reporting.

The drop in US Treasury yields and a more than 0.12% slide in the US Dollar helped support the rally in silver, reflecting typical inverse relationships between these assets. This move highlights renewed interest in silver as a potential safe haven and inflation hedge in uncertain market conditions.

For Japanese investors, this surge in silver prices comes as the yen remains sensitive to fluctuations in US Treasury yields and the dollar, factors that continue to influence FX and commodity markets across Asia.