Silver prices (XAG/USD) slipped to approximately $60.00 per troy ounce during Asian trading hours on Tuesday, marking the metal's second consecutive day of losses, according to FX Street.
The decline in silver comes as the US Dollar strengthened and oil prices climbed higher, factors that generally weigh on precious metals by increasing opportunity costs and reducing safe-haven demand.
For Japanese investors, movements in silver prices are particularly relevant as fluctuations in the US Dollar and commodity markets can influence hedging strategies and portfolio diversification in FX and equity markets.