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Silver Surges Over 2% Near $60 Amid Hopes for US-Iran De-escalation
Silver prices (XAG/USD) rallied significantly on Monday, climbing over 2% to trade near $60 per troy ounce. This surge is primarily attributed to renewed hopes for de-escalation in tensions between the United States and Iran, a development that also contributed to a sharp decline in oil prices, enhancing the white metal's appeal.