Metal prices advance with silver rising over 4%

Prices of metals rose collectively, with silver jumping over 4%, supported by easing tensions between America and Iran and the markets' assessment of diplomatic mediation efforts. Gold increased by more than 1%, reaching approximately $4,068 per ounce, aiming to establish its price around the $4,000 level as a prelude to resuming its upward trend, with the impact of Middle Eastern events being less pronounced than before. Additionally, platinum and palladium prices rose significantly, while oil prices declined due to escalating tensions, despite reports of efforts to broker a ceasefire between the two sides.

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