Silver Price Pulls Back Amid Easing US-Iran Tensions

Silver prices pulled back to around $57.50 per troy ounce in Asian trading hours on Tuesday, giving up some of its gains from the previous session.

The metal's price had risen by nearly 0.5% in the prior session, but is now under short-term pressure due to expectations that US-Iran tensions may ease.

This development could lead to lower oil prices and reduced concerns about inflation, which might temper the need for further interest rate hikes by the Federal Reserve.