Silver prices (XAG/USD) declined to approximately $60.60 per troy ounce during Asian trading hours on Tuesday, following a drop of over 5% the previous day, according to FX Street.
The decline in silver comes amid surging oil prices and rising US Treasury yields, factors that typically weigh on precious metals by increasing opportunity costs and inflation expectations.
For Japanese investors, the movement in silver prices reflects broader risk sentiment shifts and may influence commodity-linked assets and FX pairs sensitive to global inflation dynamics.