Silver prices (XAG/USD) remained steady around $66.67 during the Asian trading session on Tuesday, as investors awaited important US economic data releases. Market participants were focused on the upcoming August ISM Manufacturing PMI and July JOLTS Job Openings reports, both scheduled for release at 14:00 GMT.
According to FX Street, the precious metal's price action reflected cautious positioning ahead of these key US indicators, which are closely watched for insights into the health of the American manufacturing sector and labor market dynamics.
For Japanese investors, these data points are significant as they can influence global risk sentiment and impact the yen's movement against the US dollar, affecting cross-asset strategies involving FX, equities, and commodities.