Silver (XAG/USD) traded in a tight range on Monday as Middle East tensions continued, while traders avoided strong bets amid mixed reports on efforts to end the US-Iran war. It was near $73, with a softer US Dollar limiting losses. Gains were limited as higher Oil prices raised inflation worries and supported expectations of higher US interest rates for longer. Markets weighed shifting headlines on diplomacy. Axios reported talks involving the US and Iran, with regional mediators, about a possible 45-day ceasefire. IRNA later said Iran rejected a ceasefire proposal sent via Pakistan and issued a 10-point response. ... (full story)