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fxJun 19, 2026, 7:42 AM

Silver Extends Losses Near $64.50 as US-Iran Hope Fades

Silver price (XAG/USD) trades lower for a third consecutive day, hovering around $64.70 during European hours on Friday, weighed down by revived inflation concerns and fading optimism over US-Iran peace talks.

XAGUSD

Silver (XAG/USD) continued its decline for the third straight session, trading near $64.70 per troy ounce during the European session on Friday. The precious metal remains under pressure as inflation and high interest rate fears resurface amid mounting oil supply concerns.

The headwinds were further reinforced by waning optimism surrounding a potential US-Iran peace deal, which had earlier supported risk appetite. The combination of these factors has kept silver on the defensive, with the spot price briefly touching the $64.50 area mentioned in the headline.

Source: FXStreet Forex News