Silver prices experienced a sharp decline of more than 3.80% on Thursday, driven by a stronger US Dollar and increased risk aversion triggered by escalating tensions in the Middle East, according to FX Street.
The XAG/USD pair traded at $57.62 after reaching a weekly peak of $60.94 earlier in the week, reflecting the volatility in the precious metals segment amid geopolitical concerns.
For Japanese investors, this movement highlights the sensitivity of silver prices to global risk factors and currency fluctuations, an important consideration given Japan’s significant exposure to both commodities and FX markets.