Silver Rises on US-Iran Diplomatic Progress, Upside Capped by Hawkish Fed

Silver traded around $65.90 at the time of writing on Monday, up 1.69% on the day and breaking a three-day losing streak. The white metal attracted renewed investor attention as markets assessed the implications of diplomatic progress between the United States and Iran.

However, the upside remained capped by a hawkish stance from the Federal Reserve, which continues to weigh on precious metals. Traders are monitoring further developments in US-Iran talks and any additional cues from Fed policymakers.