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fxAug 3, 2026, 4:00 AM

Silver Climbs Past $58 on US-Iran Peace Talks Hopes

XAG/USD rose above $58.00 to trade near $58.20 per ounce in Asian hours, extending the previous day's gains after reports of renewed US-Iran peace negotiations.

XAGUSD

Silver prices extended their advance in Asian trading on Tuesday, with XAG/USD breaking above the $58.00 threshold to reach around $58.20 per troy ounce. The move built on modest gains from the preceding session.

Market participants linked the rally to reports that the United States and Iran are renewing peace talks, though the long-term impact on safe-haven demand for silver remains unclear.

Source: FXStreet Forex News