Silver (XAG/USD) prices fell for the third straight day on Friday, declining more than 3.32%, according to FX Street. The drop was driven by a stronger US Dollar and rising US Treasury yields, both influenced by the Federal Reserve's hawkish stance.
Investors are closely watching the upcoming Federal Reserve policy decision, the first under new Chair Kevin Warsh, as well as forthcoming US Personal Consumption Expenditures (PCE) data, which could further impact precious metals and FX markets, FX Street reported. Silver remains pressured below its 200-day simple moving average and has struggled to hold above the $61 level since Wednesday.
For Japanese market participants, the ongoing strength of the US Dollar and shifts in US monetary policy continue to present key risks and opportunities across FX, equities, and commodity sectors, including precious metals like silver.