Silver prices reversed course after hitting a two-month peak, falling below the $69.00 mark following a hawkish speech by Federal Reserve Chair Kevin Warsh. On Friday, silver had climbed to $71.12 before retreating, according to FX Street.
Warsh's remarks at the Jackson Hole symposium signaled a more aggressive stance on monetary policy, which pushed US Treasury yields higher and pressured precious metals like silver. The move reflects increased market sensitivity to shifts in Fed policy expectations.
For Japanese investors, who often view precious metals as a hedge against currency fluctuations, this volatility underscores the importance of monitoring US monetary signals when trading silver and related assets.