Silver prices climbed toward $36 per ounce on Wednesday, rebounding from over two-week lows, supported by a weaker US dollar and falling Treasury yields. The move came as geopolitical tensions eased, with the US-brokered ceasefire between Israel and Iran appearing to hold despite minor flare-ups. However, intelligence reports indicated that recent US missile strikes only partially damaged Iran’s nuclear facilities, delaying but not dismantling its nuclear program. Meanwhile, Federal Reserve Chair Jerome Powell signaled flexibility on monetary policy, stating that “many paths are possible” and leaving the door open for a potential rate cut in July. He emphasized a cautious approach, noting the Fed would act swiftly if signs of labor market weakness emerge. Silver also remained supported by strong industrial demand and ongoing supply constraints. The metal has outperformed gold so far this month, rising about 9% in June, compared to a gain of just over 1% for gold.