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Silver (XAGUSD) Rebounds on Iran Peace Hopes Amid Persistent Inflationary Risks

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The Story

News Summary

  • Silver prices ticked higher toward $64 as US military strikes on Iran raised hopes for peace negotiations.
  • Despite this, prices remain near eleven-week lows due to persistent inflationary pressures and energy supply disruptions in the Strait of Hormuz following accelerated US inflation data in May.
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XAGUSD price history

63.76 -32.32% over the displayed period

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