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fxJun 11, 2026, 5:55 AM

Silver Rises to Near $64 on US-Iran Ceasefire Hopes

Silver (XAG/USD) recovered early losses to trade near $64.10 during early European trading on Thursday, supported by expectations that the US-Iran April ceasefire will hold despite recent attacks.

XAGUSD

Silver (XAG/USD) clawed back earlier declines to rise toward $64.10 in early European trading on Thursday. The white metal found bids as market participants remain hopeful that the April ceasefire between the United States and Iran will stay intact, even after an exchange of attacks.

Traders are weighing the geopolitical risk premium, with a sustained truce potentially reducing safe-haven demand for the dollar and supporting silver prices. The metal's move reflects ongoing sensitivity to Middle East developments.

Source: FXStreet Forex News