Silver prices climbed close to 1.80% on Monday, driven by a decline in the US dollar amid escalating uncertainty surrounding the US-Iran conflict, according to FX Street.
The weakening of the Greenback has bolstered silver's appeal as a safe-haven asset, while ongoing geopolitical tensions continue to weigh on investor sentiment. These developments have also influenced oil markets, adding to the broader risk-off environment.
For Japanese investors, the movement in silver and the US dollar is particularly relevant as fluctuations in the Greenback impact FX positions and commodity-linked equities within the domestic market.