XAG/USD climbs to $66.35 in early European trade as geopolitical easing boosts demand for precious metals.
Silver prices advanced to $66.35 during early European trading on Monday, breaking above $66.00 but remaining below key resistance levels. The move follows reports of progress in US-Iran peace talks, which eased Middle East tensions and supported demand for safe-haven assets.
The broader trend for XAG/USD remains downward, with resistance levels capping further gains. Prior sessions saw limited upside, as investors weighed geopolitical risks against monetary policy expectations. The metal’s recent performance reflects cautious optimism amid shifting macroeconomic conditions.
Market reaction was muted, with silver holding near session highs but failing to extend gains beyond $66.35.