FX.co ★ Silver Pauses as Traders Await Clarity on US-Iran Talks

Silver hovered around $75.6 per ounce on Monday, steadying after a decline of more than 6% the previous week, as investors remained cautious ahead of stalled US-Iran peace efforts and a busy calendar of economic releases and central bank meetings. Media reports indicated that Iran has submitted a new proposal to the US aimed at reopening the Strait of Hormuz and easing geopolitical tensions, following US President Donald Trump’s decision to cancel a planned diplomatic visit to Islamabad. The ongoing deadlock has pushed oil prices higher, exacerbating inflation concerns and strengthening expectations that central banks may keep interest rates elevated—or even raise them further—to counter mounting price pressures. Although major central banks, including the Federal Reserve, are widely expected to leave rates unchanged this week, markets will closely watch for any signals of increased alarm over inflation risks stemming from the US-Iran standoff.