Silver prices (XAG/USD) retreated by 1% to around $61.80 during the Asian trading session on Monday, ending a four-day streak of consecutive gains. This pullback marks a pause after the precious metal’s steady climb over the past several sessions, according to FX Street.
The decline comes as traders reassess market conditions following the recent rally in silver prices. Despite the dip, silver remains near elevated levels compared to earlier in the month.
For Japanese investors, movements in silver prices are noteworthy amid ongoing shifts in global commodity demand and currency fluctuations impacting FX and equity markets.