Silver prices (XAG/USD) fell by 1.33% to trade near $58.00 during Thursday's European session, according to FX Street. This decline was driven by selling pressure linked to higher energy prices and renewed tensions between the United States and Iran, which have impacted inflation expectations.
The geopolitical developments between the US and Iran have heightened uncertainty in the markets, contributing to cautious investor sentiment. Elevated energy costs also weigh on precious metals as inflation dynamics shift.
For Japanese investors, the drop in silver prices comes amid ongoing fluctuations in commodity markets, which continue to influence FX and equities trading locally.