Silver Gains 0.4% to $60.22 on USD Weakness, Oil Correction

Silver (XAG/USD) edged up 0.4% to approximately $60.22 during Friday's European session. The precious metal drew support from a softening US Dollar, which remained under pressure as market participants bet that the renewed hostilities between the United States and Iran will be short-lived.

A concurrent correction in oil prices further bolstered silver, as the white metal often moves inversely to the dollar and finds additional tailwinds from easing energy costs. The geopolitical backdrop—with expectations of a brief US-Iran confrontation—has kept risk appetite relatively stable, limiting safe-haven demand for the greenback.