Silver Slips Amid Easing Geopolitical Tensions

Silver prices slipped by 1.45% on Tuesday to trade at $57.55, as investors weighed in on the prospects of easing inflationary pressures and a potential interest rate hike by the Federal Reserve.

The US-Iran negotiations have sparked hopes for de-escalation, which is reducing concerns about renewed inflationary pressures and expectations of a near-term interest rate hike.

However, despite the uncertain geopolitical backdrop, a rebound in the US Dollar is limiting demand for silver. The Federal Reserve's monetary policy decision this week will be closely watched by investors, with many expecting policymakers to leave interest rates unchanged.