Silver is trading about 3% down at $72.50 as reports of a potential Iran peace framework ease geopolitical risk and reduce safe-haven demand for precious metals.
- The move follows back-to-back declines from a high of $76.31 on May 26 to the current price on May 28.
- The decline aligns with a broader pullback across the commodities sector, which has also pressured crude oil prices.
- No major silver-specific news or contract catalysts have been reported to explain the specific magnitude of the decline.