# SpotSilverUp10PercentForTheWeek

Spot silver surged over 5% intraday on June 11-12, breaking above $67 per ounce, hitting a high of $67.56. NY silver futures rose more than 5.8%. The immediate catalyst was easing geopolitical risks. After announcing a new strike on Iran, Trump called off military action, stating that a US-Iran deal is entering its final stage and could be signed this weekend. Precious metals, which had been pressured by the "geopolitics → oil → inflation → rate hike" negative logic, rebounded sharply, with silver leading the gains. Additionally, the US dollar index falling below 100 and lower Treasury yields provided external support. Notably, silver's rise outpaced gold significantly, as its industrial properties make it more sensitive to economic expectations, with demand from solar and new energy sectors providing fundamental support. However, US-Iran negotiations remain uncertain, and Trump's frequent reversals leave the deal's outcome highly unpredictable.