Silver prices (XAG/USD) rose by 0.67% to approximately $65.70 during Thursday's European trading session, according to FX Street. This gain in silver came amid a decline in the US Dollar, which weakened due to moderate job demand reported in the US private sector.
FX Street noted that the US Dollar's drop was driven by these softer-than-expected employment figures, which tempered expectations for aggressive monetary tightening by the Federal Reserve. As a result, precious metals like silver benefited from the weaker dollar environment, supporting their prices.
For Japanese investors, this movement highlights the ongoing sensitivity of commodity prices to US economic data and currency fluctuations, factors that continue to influence FX and equities markets in Japan.