XAG/USD trades at two-week lows amid US-Iran tensions and expectations of higher US interest rates.
Silver (XAG/USD) remains near $75.20, close to two-week lows, as traders assess geopolitical risks and monetary policy signals. The metal briefly dipped after reports of Iran’s uranium stockpile plans but recovered partially following denials from Iranian officials.
The US Dollar’s strength and rising Treasury yields continue to pressure XAG/USD, with markets pricing in potential Federal Reserve rate hikes to counter inflation driven by higher oil prices. Technical indicators show a bearish bias, with the price below key moving averages at $77.46 and $86.89.
Price action remains tied to US-Iran negotiations, with President Trump indicating talks are in the final stages but warning of possible military action if no deal is reached.