Silver Price Soars on Renewed US-Iran Diplomacy Hopes
The Silver price has surged over 2% to nearly $60 as US-Iran diplomacy hopes rise.
The pause in military aggression between the two nations has led to a sharp decline in oil prices, with WTI Oil trading 5.6% lower at around $84.00.
This reduction in oil prices has eased concerns of elevated inflation expectations and higher interest rates by global central banks in the near term.