Silver (XAG/USD) edged down towards seven-month lows, trading near $61.00 on Tuesday, as rising US Treasury yields weighed on the precious metal. This marks a decline from levels around $62.00 seen earlier, reflecting increased pressure on silver prices year-to-date, according to FX Street.
The upward trend in US yields has traditionally made non-yielding assets like silver less attractive, contributing to the recent price slide. The precious metal's retreat highlights ongoing challenges for commodities amid a shifting macroeconomic landscape.
For Japanese investors, these movements in silver prices are particularly relevant as the yen's sensitivity to US monetary policy continues to influence cross-asset strategies in FX and commodities markets.