Silver Rallies 4% on Trump's Iran Strike Cancellation, Bias Bearish

Silver prices advanced more than 4% on Thursday after rebounding from a session low of $61.51. The move higher followed reports that US President Donald Trump called off scheduled strikes against Iran, stating that final approval points had been cleared.

Despite the sharp recovery, analysts note the broader technical and fundamental picture for XAG/USD remains bearish. The rally is viewed as a corrective bounce within a downtrend rather than a trend reversal.

Traders are now watching for key resistance levels to confirm whether selling pressure will resume. No further details on the Iran situation or silver supply factors were provided in the report.