Silver prices (XAG/USD) declined to a fresh two-month low during Thursday's European trading session, dropping to around $58.50 per troy ounce, according to FX Street. This marks a notable decrease from Wednesday's price of $59.95.
FX Street reported that silver was trading at $58.97, down 1.65% compared to the previous day. The metal's decline comes amid rising US bond yields, which typically weigh on precious metals by increasing opportunity costs for holding non-yielding assets like silver.
For Japanese investors, this dip in silver prices could influence portfolio decisions, especially as they balance exposure to precious metals against domestic equities and FX markets impacted by global yield movements.