Silver prices hovered near $60.30 before climbing to $60.53 per troy ounce on Tuesday, marking a 0.35% increase from Monday's $60.31, according to FX Street. The metal traded within a narrow range during the European session as investors awaited key economic data.
Market attention is focused on the upcoming United States Consumer Price Index (CPI) report for September, scheduled for release on Wednesday. This data is expected to provide fresh insights into inflation trends, which could influence precious metals and currency markets.
For Japanese investors, movements in silver and other commodities remain significant as they navigate currency fluctuations and inflation concerns amid ongoing global economic uncertainty.