Silver prices (XAG/USD) slipped below the key $60 level on Thursday as selling pressure persisted, according to FX Street. Despite a softer US Dollar and easing US Treasury yields, sellers maintained control, keeping silver under pressure throughout the session.
FX Street noted that the Relative Strength Index (RSI) is approaching oversold territory, signaling potential further weakness in silver's near-term outlook. The break below the psychological $60 mark highlights the bearish sentiment dominating the precious metals market.
For Japanese investors, this movement underscores the ongoing challenges for silver amid a complex global economic environment, where currency fluctuations and interest rates continue to influence metals and broader financial markets.