Silver Rebounds to $66.00 as US-Iran Talks Optimism Fades

Silver (XAG/USD) halted its three-day losing streak during Asian trading on Friday, recovering to near $65.90 per troy ounce. The precious metal rebounded as optimism over US-Iran nuclear negotiations waned, reducing expectations of a loosening of sanctions that could have increased global silver supply.

The bounce comes after three consecutive days of declines, with silver finding support near $65.00. Market participants are now focusing on upcoming economic data and geopolitical developments for further direction. The fading talks suggest continued uncertainty in the Middle East, which tends to boost safe-haven assets like silver.