- XAG/USD remains trapped halfway through recent ranges, with $76.00 holding bulls.
- Investors welcomed news about a 60-day US-Iran truce, but remain sceptical about a long-lasting peace.
- Technically, Silver remains in a choppy consolidation around $76.00.
Silver (XAG/USD) shows marginal losses on Friday and is on track to end the week little changed after wavering within a $7 range around $76. The precious metal bounced up from four-week lows near $71.80 on Friday, but is failing to find acceptance above the mentioned $76.00 level, which leaves the pair in no man’s land.
Investors sold the safe-haven US Dollar across the board on Thursday after news reporting that the US and Iran had reached a deal to extend the ceasefire for 60 days and allow traffic through the Strait of Hormuz. Precious metals' rallies, however, remain limited, as markets are sceptical about a sustainable peace agreement.