XAG/USD falls to $64.90, down 0.64%, as traders await US producer inflation figures after recent gains.
Silver (XAG/USD) retreated to $64.90 on Thursday, marking a 0.64% decline for the day. The drop follows a period of consolidation after a recent rally, with investors hesitant to take significant positions ahead of key US inflation data.
The metal had previously advanced but faced pressure as market participants awaited the release of US producer inflation figures. Cooling inflation trends in recent reports have helped limit deeper losses, providing some support to silver prices.
Trading activity remains cautious, with focus shifting to upcoming economic indicators that could influence Federal Reserve policy expectations.