Silver prices (XAG/USD) remain close to the multi-year highs near $37.00 hit last week, despite a moderate decline in demand for safe-haven assets, like precious metals, as fears that the Israel-Iran war might turn into a regional conflict have eased.
Israel and Iran have kept exchanging missile attacks over the weekend in a war that entered its fourth day, but the conflict did not extend to other countries in the area, at least for now.
Apart from that, several countries have offered their efforts to mediate between the contenders, and US President Dolanld Trump is pushing them to sit and try to reach a peace deal.
All this has translated into a slightly brighter market mood, which is weighing on demand for precious metals.
Source: FXStreet
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