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fxJun 11, 2026, 8:47 AM

Silver Rebounds from 2.5-Month Low as US-Iran Talks Ease Tensions

Silver (XAG/USD) recovered to $64.50 on Thursday after hitting a two-and-a-half-month low of $61.50 earlier in the day, supported by news of ongoing US-Iran negotiations that calmed market fears. Despite the bounce, bears remain in control.

XAGUSD

Silver prices edged higher on Thursday, climbing to $64.50 after touching $61.50—a level not seen in two and a half months. The rebound came as reports of resumed talks between the US and Iran helped soothe risk-off sentiment across commodities.

However, the recovery remains fragile. Technical indicators suggest downward pressure persists, with the broader trend still favoring sellers. The metal has struggled to sustain gains amid a strong US dollar and higher yields.

Market participants will watch for further developments in the Iran negotiations, as any breakdown could reignite safe-haven demand for silver.

Source: FXStreet Forex News