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fxJun 22, 2026, 5:57 AM

Silver advances to $66.35 on US-Iran peace deal hopes

Silver (XAG/USD) rose to around $66.35 during early European trade on Monday, supported by progress in US-Iran peace talks that eased Middle East tensions.

XAGUSD

Silver prices extended gains to $66.35 during early European hours on Monday, buoyed by positive developments in US-Iran peace negotiations. The diplomatic progress has reduced geopolitical risk in the Middle East, prompting safe-haven buying in precious metals.

Despite the intraday advance, XAG/USD remains below a key resistance level within its broader downtrend. Technical resistance overhead may limit further upside unless the upward momentum is sustained.

The metal's near-term direction hinges on continued peace talks and broader market risk sentiment.

Source: FXStreet Forex News