Silver Prices Plummet Amid Geopolitical Tensions

Silver prices continued to decline, falling 2.78% over the last session and settling near its intraday low at $64.71.

The current trend remains weak, as indicated by the price's position below its key moving averages.

Military exchanges between the United States and Iran have disrupted a fragile truce, intensifying Middle East geopolitical risks and raising investor focus on regional stability and potential effects on commodities trade flows.

A bearish momentum is expected to persist, with a 78% probability of further downside towards $62.31, while chances of a decisive rebound are limited to 22%.