XAG/USD declines for the first time in three sessions, pressured by a stronger USD and shifting investor demand.
Silver prices fell 2.56% to $76.06 per troy ounce on Tuesday, reversing Monday’s close at $78.06. The decline marks the first drop in three trading sessions, driven by a strengthening US Dollar and reduced safe-haven demand.
Year-to-date, silver remains up 7.01%, outperforming some industrial metals but lagging gold. The gold/silver ratio rose to 59.47 from 58.53 on Monday, indicating relative weakness in silver compared to gold. Analysts cite lower interest rates and geopolitical risks as key drivers for silver’s earlier gains.
Traders continue to monitor USD strength and macroeconomic data for further direction, as silver’s dual role as an industrial and precious metal leaves it sensitive to both growth and inflation expectations.