Silver prices (XAG/USD) climbed sharply by over 2% to approach the $60 mark during Monday's Asian trading session, driven by optimism surrounding revived diplomatic efforts between the United States and Iran.
According to FX Street, the precious metal saw significant gains as traders reacted to the potential easing of geopolitical tensions, which often influences safe-haven demand and market volatility.
For Japanese investors, this movement in silver underscores the broader impact of global political developments on commodity prices and currency markets, particularly in a trading environment sensitive to shifts in US foreign policy.