Silver (XAG/USD) traded near $74.50 on Wednesday, up almost 2% after an intraday high of $77.65, as a weaker US Dollar provided support. Price action stayed range-bound as markets monitored a two-week United States–Iran ceasefire and doubts about how long it may hold. Reports cited airstrikes across the Middle East, including Israeli strikes on Lebanon and attacks reported in Saudi Arabia, the UAE, Kuwait, Qatar, and Bahrain. Iranian officials said Tehran could withdraw from the ceasefire if attacks on Lebanon continue. On the 4-hour chart, silver consolidated within a bearish flag, with the 100-period SMA at $72.63 ... (full story)