Commodities
Silver Price Tumbles Amid Middle East Uncertainty
The silver price (XAG/USD) has retreated to near $66.00 per troy ounce amid market jitters over the Middle East conflict.
Investors remain cautious, tracking developments in the region and assessing their potential impact on inflation and interest rates.
US President Donald Trump's statement that he would 'probably' be open to meeting Iranian President Masoud Pezeshkian on the sidelines of the UN General Assembly has boosted hopes for a diplomatic resolution.
However, ongoing geopolitical tensions may still weigh on oil prices and, by extension, silver. The US Federal Reserve's 25-basis-point rate hike last week has also contributed to market uncertainty.