Silver Price Drops Amid Expanded US Sanctions on Iran

The price of silver has dropped by 1.43% to $67.98 in the past day, according to Traders Union.

This decline has put the metal's price below its short-term average but still above the next-longest trend reference.

A new risk factor has emerged in the form of expanded US sanctions against Iran, which could disrupt Iranian silver exports and increase volatility in global markets.

The current range for silver prices is between $64.65 and $71.31, with a 70% probability of an upward move within this corridor.