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Silver Rebounds on June 2 as Middle East Tensions Ease Overnight

2026-06-02 10:50:06

XAG0.68%

According to Jinrui Futures, silver prices rebounded on June 2 as geopolitical tensions eased. Iran's overnight pause in negotiations and threats to block the Strait of Hormuz had driven crude oil, the U.S. dollar, and Treasury yields higher, weighing on precious metals prices. Today's improvement in the regional situation alleviated pressure on silver and gold, prompting a pullback in earlier losses. The metals remain within a broad trading range without substantial upside catalysts, with further recovery dependent on concrete progress in peace talks.

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