XAG/USD depreciates amid Middle East tensions
Silver price depreciates after registering over 6% gains in the previous day, trading around $67.00 per troy ounce.
The downward pressure follows fresh military friction in the Middle East, tempering recent diplomatic optimism.
US forces intercepted and shot down two Iranian one-way attack drones near the Strait of Hormuz, while Iran claimed a confrontation with a vessel breaching the waterway.
Despite the clash, prospects for a diplomatic pivot remain, with a comprehensive peace agreement potentially being finalized as early as this weekend.