Silver price rises to $75.80 per troy ounce
Silver price gains ground for the second successive day, trading around $75.80 per troy ounce.
The non-yielding white metal advances following a report of a tentative 60-day ceasefire extension between the US and Iran.
This potential breakthrough could allow unrestricted shipping through the Strait of Hormuz, easing concerns over inflation and interest rates.
Thursday’s US Personal Consumption Expenditures report revealed softer-than-expected inflation, with headline and core metrics rising 0.4% and 0.2% month-over-month, respectively.