Silver Gains as More US-Iran Talks Eyed
Silver climbed toward $76 per ounce on Tuesday, rebounding from the previous session’s losses as the US and Iran signaled willingness to resume negotiations aimed at securing a longer-term ceasefire before the current two-week truce lapses. President Donald Trump said Tehran had reached out to Washington just hours after the US initiated a naval blockade on Iranian oil shipments in the Strait of Hormuz. Iranian President Masoud Pezeshkian also indicated readiness to continue peace discussions, provided they remain within the framework of international law and regulations. Oil prices retreated on hopes for a potential longer-term deal, easing inflationary concerns and tempering expectations that central banks will keep interest rates on hold or even hike them. Despite the uptick, silver remains down nearly 20% since the conflict began.