Silver prices declined on Tuesday, slipping below the $70.00 mark for the second consecutive day. According to FX Street, silver was trading at $67.82 per troy ounce, representing a 0.97% decrease from Monday's $68.48.
The precious metal has struggled to regain momentum above the $70 threshold, continuing a downward trend observed over the past two sessions, FX Street reported. This sustained weakness highlights ongoing challenges for silver in the current market environment.
For Japanese investors, fluctuations in silver prices are closely monitored as they can influence commodity-linked assets and hedging strategies amid the yen's recent volatility against major currencies.