Silver prices fell by over 1% on Monday, closing at $61.80 after reaching a high near $63.28 earlier in the trading session, according to FX Street. This decline reflects a notable pullback in the XAG/USD pair within the same day.
The drop in silver comes amid fluctuating strength in the Greenback and ongoing movements in US Treasury yields, which often influence precious metals pricing. Traders remain attentive to these factors as they impact safe-haven demand.
For Japanese investors, this volatility in silver prices highlights the importance of monitoring global currency and bond market trends, especially as they navigate exposure to precious metals in their portfolios this week.