Silver Price Jumps Over 2% to Near $60 on US-Iran Diplomacy Hopes
Silver prices surged over 2% to near $60 per ounce in Asian trading on Monday, as hopes for US-Iran diplomacy reduced geopolitical risks.
XAGUSD
XAG/USD rallied over 2% in early Asian trade on Monday, approaching the $60 level. The move came as the United States and Iran signaled a pause in military aggression, easing fears of a broader conflict.
The détente sent oil prices sharply lower, which boosted silver's appeal as an alternative safe haven. Investors shifted focus toward the white metal amid reduced geopolitical tensions.
Source: FXStreet Forex News