XAG/USD gains 0.21% amid a softer US Dollar and reduced geopolitical tensions between the US and Iran.
Silver prices edged higher to $67.50, climbing 0.21% on Friday, as a weaker US Dollar provided support despite easing haven demand. The metal’s modest rally reflects shifting market sentiment amid diplomatic progress between the US and Iran.
Earlier in the week, silver traded lower as geopolitical risks drove investors toward traditional safe-haven assets. However, recent developments have reduced tensions, allowing risk appetite to stabilize. The US Dollar’s decline has also bolstered demand for dollar-denominated commodities like silver.
Market reaction has been muted, with silver maintaining a slight positive bias without significant volatility.