Silver Jumps Above $59 on Cautious Iran Peace Optimism
Silver (XAG/USD) climbed above $59.00 on Tuesday, recovering from session lows near $56.50, as cautious hopes for peace in Iran supported the precious metal.
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Silver prices extended their recovery on Tuesday, with XAG/USD breaking above the $59.00 mark during the session. The move followed a bounce from the $56.50 area earlier in the day.
Market participants attributed the gain to cautious optimism surrounding Iran peace talks, which lifted sentiment for the safe-haven metal.
Source: FXStreet Forex News