Silver prices fell below the $60 per troy ounce mark on Monday, marking a significant decline in the precious metal’s value. According to FX Street, silver lost more than 1.50% in a single day and is on track to close June down by over 22.50%.
This sharp drop highlights the ongoing volatility in the metals market, with silver facing strong downward pressure throughout the month. The XAG/USD pair’s decline reflects broader risk-off sentiment and shifts in investor positioning.
For Japanese investors, this movement in silver prices comes amid a complex environment where safe-haven demand and currency fluctuations continue to influence precious metals and FX markets.