Silver rallies 3.3% as oil, Treasury yields and the dollar all turn lower, pushing XAGUSD above the $60.835 pivot.
Gold and Silver buy signals trigger [Video]
Gold and silver are tracing bullish breakout risks above their June-August consolidations as market optimism grows over a potential US-Iran deal. However, geopolitical risks continue to persist.
Silver Price Forecast: XAG/USD hits one-month high, eyes $62.00 after technical breakout
TL;DR: Silver has returned above $60 as growing optimism over a Strait of Hormuz reopening pulls oil lower, reshapes Fed rate expectations, and drags Treasury yields down — with silver carrying an extra industrial-demand tailwind gold doesn't have.
Silver Price Forecast: XAG/USD revisits monthly high near $61 as oil price plunges further
Silver advances amid Hormuz reopening hopes
The silver market has been positive on Tuesday so far, as we are looking to test the crucial $60 level again. This area continues to be important at the moment.
Silver shines near $60 as falling Oil supports precious metals
Silver price today: Silver rises, according to FXStreet data
Silver Price Forecasts: XAG/USD reaches $59.00 amid cautious Iran peace hopes
Silver Price Forecast: XAG/USD holds gains above $58.50 on US-Iran talk signals