Silver prices steadied around $63.45 on Wednesday, recovering from an intraday low of $62.19, according to FX Street. This marks a modest gain of 0.16% for the day at the time of reporting.
The precious metal had faced selling pressure earlier, extending its pullback after being rejected near the $66.50 level on Tuesday, FX Street noted. The move reflects cautious sentiment among traders following last week's volatility.
For Japanese investors, silver's stabilization could signal a momentary pause amid ongoing shifts in global precious metals markets, which are closely watched as a hedge against currency fluctuations and inflationary pressures.