Silver (XAG/USD) trades around $65.90 at the time of writing on Monday, up 1.69% on the day and snapping a three-day losing streak.
The white metal is attracting renewed investor interest as markets assess the implications of diplomatic progress between the United States (US) and Iran
Support for Silver comes after Qatar and Pakistan announced that Washington and Tehran have agreed to a formal roadmap aimed at reaching a final peace agreement within the next 60 days. The development has helped push Oil prices lower and ease concerns about a renewed energy-driven inflation surge, a factor that had recently fueled volatility across financial markets. Iranian Foreign Minister Abbas Araqchi also confirmed several breakthroughs in the negotiations, including waivers for Oil and petrochemical exports, the release of part of Iran’s frozen financial assets, and the launch of a broader economic reconstruction program.
However, the geopolitical outlook remains uncertain. US President Donald Trump warned on Sunday that the United States could carry out direct strikes against Iran if Tehran-backed groups launch further attacks on Israel. The threat continues to encourage a degree of caution among investors despite the diplomatic progress reported so far.