Silver gapped lower today following the breakdown of US-Iran negotiations over the weekend. This shouldn’t be a surprise though given the strong divergence in stances ahead of the talks. There have been reports of US and Iran continuing to exchange messages through diplomatic backchannels, but for now we don’t have any official date for another round of negotiations. The good news is that the ceasefire seems to be holding, but Trump decided to put pressure on Iran by blockading their ports. This has raised the risk of a potential breach of the ceasefire which is likely going to keep traders on edge. For now, the ... (full story)