Silver prices edged lower on Wednesday, facing difficulty in surpassing the key $70.00 threshold. According to FX Street, silver was trading at $68.54 per troy ounce during the first half of the European session, marking a slight decline of 0.16% from Tuesday's $68.65.
The precious metal's inability to break above the $70 psychological level highlights ongoing resistance in the market. FX Street noted this struggle as a significant factor influencing silver's subdued movement on Wednesday.
For Japanese investors, the subdued performance of silver comes amid ongoing volatility in global commodity markets, which could influence portfolio allocations in FX and equities sectors.