Silver prices (XAG/USD) declined to approximately $57.00 per troy ounce during Asian trading hours on Thursday, continuing losses for the second straight day. This downward movement comes amid escalating tensions between the US and Iran, which have unsettled precious metals markets, according to FX Street.
The ongoing geopolitical uncertainty appears to be weighing on investor sentiment, prompting a retreat in silver prices despite its traditional role as a safe-haven asset.
For Japanese investors, the drop in silver may influence portfolio adjustments, especially given the yen's sensitivity to geopolitical developments and its impact on commodity-linked assets.