Silver prices declined by approximately 0.76% on Friday, trading close to $60.50, as reported by FX Street. The drop occurred in the context of rising US Treasury yields and a disappointing US jobs report, factors that weighed on the precious metal's appeal.
This decline contributes to a broader six-percent weekly rout for silver, reflecting growing market concerns about the US economic outlook and its impact on safe-haven assets. The stronger US Dollar and escalating Treasury yields have pressured silver prices, limiting their upside potential.
For Japanese investors, the movements in silver and US Treasury yields remain significant due to their influence on FX markets and commodity-linked equities, highlighting the interconnectedness of global financial trends.