Silver prices gained momentum on Thursday, trading at $68.39 per troy ounce, marking a 0.38% increase from Wednesday’s $68.13, according to FX Street. This uptick reflects a modest recovery after silver pulled back from the $70.00 level.
FX Street reported that buyers stepped in above the $67.40 support level, helping silver return to the mid-$68.00s during the European morning session. This price action suggests a stabilizing market amid recent volatility.
For Japanese investors, silver’s steady performance in the FX market offers an alternative hedge amid ongoing fluctuations in both the yen and domestic equities, highlighting the metal’s role in diversified portfolios.