Silver Holds Near $64.50 as Fading US-Iran Peace Hopes Renew Pressure

Silver (XAG/USD) trades near $64.50 on June 19 after an 11-week low of $63.37 mid-month and a rebound above $70 on a US-Iran peace framework. Early June saw prices peak near $76 amid stalled talks and dollar strength, before hotter CPI data and rising Fed rate-hike odds drove yields higher and triggered the sharp correction. The subsequent memorandum of understanding eased energy fears and supported a rally, but renewed diplomatic uncertainty and persistent hawkish Fed signals have capped gains and restored downside pressure on the non-yielding metal.