Silver Price Forecast: XAG/USD remains below $59.00 on renewed Hormuz tensions

Source Summary

XAG/USD depreciates after two days of gains, trading around $58.80 per troy ounce during the Asian hours on Monday. The price of the white metal falls as fresh military clashes between the United States (US) and Iran in the Strait of Hormuz drove oil higher, sparking renewed fears of inflation.