Silver Prices Slip as US Dollar Weakens Against Canadian Dollar Despite Fed Rate Hike Expectations

Silver prices have fallen for the third consecutive day, with XAG/USD trading near $56.90 per troy ounce during Asian hours on Thursday, according to FX Street. This decline comes amid persistent headwinds as markets anticipate tighter monetary policy from the Federal Reserve later this year.

Meanwhile, the US Dollar weakened against the Canadian Dollar, halting its winning streak that began on June 10. The USD/CAD pair was around 1.4230 during the same session, despite growing expectations for Federal Reserve interest rate hikes, FX Street reported.

For Japanese investors, these movements highlight the ongoing uncertainty in global currency and commodity markets as central banks signal policy tightening, which could influence FX and precious metals trading strategies in the months ahead.