Silver prices edged lower on Thursday, trading around $64.90 as investors adopted a cautious stance ahead of the US producer inflation data release. According to FX Street, the metal declined by 0.64% on the day amid subdued market momentum.
The drop reflects a broader risk-off sentiment among traders awaiting key inflation indicators that could influence monetary policy decisions. Silver, often seen as a hedge against inflation, is sensitive to such economic data releases.
For Japanese investors, this movement in silver prices comes at a time when the yen's stability and Japan's export-driven economy remain closely tied to global commodity trends and US economic signals.