Silver prices (XAG/USD) stalled near the $61.75 mark during the Asian trading session on Wednesday, following a recovery from a recent low of $60.30. This low was the weakest level for silver since August 5, marking an eight-week trough.
According to FX Street, the silver market attracted selling pressure around $61.75, which prevented further upside momentum during the session. This resistance capped the recovery after silver had dipped to its lowest point in over two months.
For Japanese investors, movements in precious metals like silver often reflect broader risk sentiment and currency fluctuations, particularly against the backdrop of ongoing global economic uncertainties affecting the yen and other assets.