Silver prices rebounded on Friday, rising back to $76 per ounce as cautious optimism emerged over potential progress in US-Iran peace negotiations. According to Al-Jazeera, Iranian Foreign Minister Abbas Araghchi is scheduled to arrive in Islamabad on Friday evening, with Pakistani government sources indicating a "high likelihood of a breakthrough" in the ongoing talks between the US and Iran. The visit follows recent discussions between Iranian and Pakistani officials regarding a ceasefire, though uncertainties remain. US President Donald Trump reiterated his desire for a "great deal" but emphasized he is "not in a rush." Despite Friday’s recovery, silver is facing a near 7% weekly decline, as peace negotiations have shown limited progress so far. The continued closure of the Strait of Hormuz has driven energy prices higher, fueling inflation concerns. Rising inflation risks and potential central bank rate hikes continue to weigh on the appeal of non-yielding assets like silver.