Silver started the week on a firmer track, edging closer to $60/oz, as traders returned to precious metals after the US-Iran tensions eased, sending crude prices plunging. The resulting weaker oil prices helped dampen inflation anxieties in the near-term and pushed the dollar lower. This created an ideal environment for silver, where its dual role as an investment haven and as an industrial metal saw it outperform gold. With the US central bank (Fed) policy decision on 29-30 July, attention now shifts from geopolitical factors, towards the US monetary policy, Treasury yields and economic data. On the flip side, what ... (full story)