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Silver Soars on US-Iran Tensions, Higher Interest Rate Hopes

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Silver prices have extended their gains for the second consecutive day, trading around $58.70 per troy ounce during Asian hours on Tuesday.

The metal is receiving support as non-yielding assets benefit from geopolitical and economic monitoring.

Investors are closely tracking developments in US-Iran talks regarding the potential reopening of the Strait of Hormuz and the broader outlook for US Federal Reserve monetary policy.

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