Silver prices (XAG/USD) recovered to around $60.40 per troy ounce during Asian trading hours on Thursday, following two consecutive days of declines. This rebound occurred despite an environment of rising bond yields, which typically exert downward pressure on precious metals.
According to FX Street, the silver market showed resilience as investors appeared to step back in after the recent dip. The move highlights silver’s potential as a safe-haven asset even when fixed income markets are experiencing upward yield trends.
For Japanese investors, this price action is notable as the yen’s recent fluctuations and domestic economic data continue to influence demand in both FX and commodity markets, including precious metals like silver.