Silver prices declined on Tuesday, falling below the $61.00 mark after gaining ground last week. According to FX Street, the precious metal was trading at $60.95 per troy ounce, representing a 1.79% drop from Monday's price of $62.06.
The pullback suggests some profit-taking following last week's rally, with silver (XAG/USD) testing levels under $61.00. This movement highlights the metal's short-term volatility as investors adjust positions amid shifting market dynamics.
For Japanese investors, silver's recent fluctuations come as the yen remains sensitive to global risk sentiment, influencing demand for safe-haven assets like precious metals and impacting local trading strategies.