Silver prices (XAG/USD) rose sharply on Monday, reaching around $59.43 to $59.45 per troy ounce. This marks an increase of approximately 2.26% to 2.27% compared to last Friday’s close at $58.12, according to FX Street.
FX Street reported that silver traded near $59.45, reflecting solid gains in the precious metals market early in the week. This upward movement highlights renewed investor interest in silver as a safe-haven asset amid ongoing market uncertainties.
For Japanese investors, the rise in silver prices could impact portfolio diversification strategies, particularly as the yen reacts to global risk sentiment and inflation trends influencing commodity markets.