Silver prices (XAG/USD) rose by 1.85%, approaching the $65.00 mark during the European trading session on Friday, according to FX Street. This increase came as the upward momentum in the US Dollar and United States Treasury yields temporarily halted.
The pause in the US Dollar rally and Treasury yields provided relief for silver, which is often inversely correlated with the dollar's strength. The precious metal’s gains reflect shifting sentiment among investors amid fluctuating macroeconomic indicators.
For Japanese investors, silver’s rally offers an interesting alternative amid ongoing volatility in FX markets, particularly as the yen remains sensitive to US monetary policy developments.