Silver prices remain 1% lower at $53.45 following a fresh YTD low of $52.67, with a robust US dollar preventing a meaningful recovery for the white metal.
Silver is experiencing downward pressure as a strengthening US dollar limits its recovery potential, despite a slight rebound from its recent YTD low of $52.67. The metal remains down 1% during European trading hours, reflecting ongoing market volatility and sensitivity to currency fluctuations.
Silver reached a fresh YTD low near $52.67.
Silver is trading near $53.45, reflecting a 1% decline during European trade.
Silver prices struggle to regain momentum, trading down 1% at $53.45 during Tuesday's European session. The white metal remains under pressure after hitting a fresh year-to-date low of $52.67, as a strengthening US dollar continues to limit potential upside gains.
Silver is primarily influenced by the strength of the US dollar, which is currently capping upside potential despite a minor recovery from recent year-to-date lows.