**BREAKING: Silver Extends Decline to $58.45 on Trump Iran Threats, Dollar Surge**
Silver prices continued sliding Wednesday, trading around $58.45 per ounce as renewed geopolitical tensions push investors toward safe-haven currencies. US President Donald Trump’s latest comments threatening Iran have reignited Middle East conflict concerns, triggering a flight to the US Dollar and lifting Treasury yields at the expense of precious metals.
The white metal is feeling dual pressure from both the strengthening greenback and rising bond yields, which typically reduce the appeal of non-yielding assets like silver. Traders are now positioning defensively ahead of the Federal Reserve minutes release, which could provide further direction on monetary policy and dollar strength.
The move represents a notable shift in safe-haven flows, with the dollar outperforming traditional precious metals during this geopolitical flare-up. Brokers should expect continued volatility in XAG/USD pairs as markets digest both the Iran situation and upcoming Fed communications.
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FXnCO Insight
** Silver traders should monitor dollar index movements closely and consider hedging positions ahead of Fed minutes, as further dollar strength could push XAG/USD below the $58 support level.
Source: FXStreet