XAG/USD falls 1.71% to $57.40 as investors shift away from safe-haven assets amid improving geopolitical outlook.
Silver (XAG/USD) declined 1.71% to $57.40 on Tuesday, pressured by rising risk appetite as hopes for a US-Iran deal reduced demand for safe-haven assets. The US Dollar (USD) also regained strength, further weighing on the white metal.
The drop follows a broader shift in investor sentiment ahead of the Federal Reserve’s upcoming monetary policy decision. Safe-haven assets, including silver, have faced selling pressure as geopolitical tensions ease and markets focus on potential policy shifts.
No immediate market reaction was specified beyond the price movement.