Commodities
US-Iran Talks Boost Silver Prices Above $58.50
Silver prices have stabilized above $58.50 as diplomatic efforts between the US and Iran show signs of easing tensions, reducing the metal's safe-haven demand.
The recent developments suggest a weaker dollar, which makes silver more attractive to foreign buyers and provides a natural tailwind for the white metal.
Market participants are also closely monitoring Federal Reserve policy, with expectations of a potential rate cut increasing the likelihood of further pressure on the dollar and support for non-yielding assets like silver.