Silver (XAG/USD) extended its losses on Tuesday, trading near the $67.50 level as investors awaited key US Personal Consumption Expenditures (PCE) data. According to FX Street, the precious metal was down 1.43% on the day at the time of reporting.
The decline reflects cautious market sentiment ahead of the inflation report, which could influence Federal Reserve policy and impact precious metals and broader financial markets. Silver’s price movement often reacts to inflation expectations, given its role as a hedge.
For Japanese investors, fluctuations in silver prices are particularly relevant amid ongoing concerns about inflation and currency volatility, which can affect commodity-linked portfolios and trading strategies.