Silver climbs over 6% on truce hopes as dollar dips; traders weigh industrial demand and options

From vtmarkets.com

Silver rose more than 6% midweek and traded near $77.50–$77.68, moving towards $78.32. The move came as the US Dollar weakened, with the USD Index down about 0.8% near 97.70. Reports said the US and Iran were close to a truce, including eased restrictions in the Strait of Hormuz. The outline also included a moratorium on Iranian nuclear enrichment, alongside US sanctions relief and the release of billions in frozen Iranian funds. US stock index futures rose between 1.2% and 1.7%, pointing to a stronger risk tone. Reuters, citing a Pakistani source involved in talks, reported the sides were very close to finalising ... (full story)