Silver prices (XAG/USD) rose to approximately $66.35 during early European trading hours on Monday, driven by easing tensions in the Middle East. This upward movement follows positive developments in the US-Iran peace deal, which have contributed to a more stable geopolitical outlook, according to FX Street.
The progress in diplomatic relations between the US and Iran has eased market concerns, supporting safe-haven assets like silver. As a result, investors showed increased appetite for precious metals amid reduced risk perception.
For Japanese investors, this shift highlights the sensitivity of precious metals to geopolitical events, underscoring the importance of monitoring global diplomatic developments when managing FX and commodity exposure.