Silver prices (XAG/USD) rose approximately 1% during the European trading session on Monday, reaching near $67.00 after opening around $65.67, according to FX Street. The metal showed strength following a relatively weak start to the day.
Market participants are now turning their attention to the upcoming US Nonfarm Payrolls (NFP) report for August, scheduled for release on Friday, which could influence further price movements in silver and other assets, FX Street reported.
For Japanese investors, who often view precious metals as a hedge against currency fluctuations and economic uncertainty, movements in silver prices ahead of key US economic data remain an important factor in portfolio adjustments.