Silver prices (XAG/USD) have fallen to around $55.50 per troy ounce, continuing a downward trend influenced by concerns over rising interest rates and escalating tensions in the Middle East. According to FX Street, silver remained subdued for the third consecutive day during Asian trading hours on Thursday.
The metal is on course to register a weekly decline exceeding 7%, as geopolitical uncertainties have driven oil prices higher, adding pressure on safe-haven assets like silver. FX Street highlighted the connection between the Middle East conflict and the recent commodity market movements.
For Japanese investors, the drop in silver prices comes at a time when the yen's movements and domestic economic policies are closely watched amid global volatility, impacting decisions across FX and precious metals portfolios.