Silver prices (XAG/USD) climbed back to approximately $66.00 per troy ounce on Monday during European trading hours, following three consecutive days of declines, according to FX Street.
The recent uptick in silver was driven by easing inflation concerns and higher oil prices, both influenced by positive developments in the US-Iran peace negotiations. These geopolitical improvements have helped restore some market confidence, lifting precious metals.
For Japanese investors, this move in silver highlights the broader impact of international diplomacy on commodity markets, which can affect FX and equities in Japan’s export-driven economy.