• The downside of the safe-haven Silver price could be limited due to rising geopolitical tensions.
• Hamas rejected the terms for a hostage release-ceasefire deal discussed in Doha on Thursday and Friday.
• Ukraine initiated the largest invasion of Russia since World War II.

Silver price (XAG/USD) price holds minor losses, trading around $29.00 per troy ounce during Monday’s Asian session. However, the downside of the safe-haven Silver could be limited due to rising geopolitical tensions.

On Sunday, conflicting statements from Hamas and Israel dampened the chances of a breakthrough ceasefire deal. Hamas has issued a statement rejecting the terms for a hostage release-ceasefire deal discussed in Doha on Thursday and Friday. The group accuses Prime Minister Benjamin Netanyahu of introducing new obstacles into the negotiations, according to Reuters citing a local news agency Times of Israel.

Israeli Prime Minister Benjamin Netanyahu is scheduled to host US Secretary of State Antony Blinken on Monday. Following their meeting, Blinken will travel to Cairo, where negotiations on a deal are continuing. The US has announced plans to host a second meeting later in the week and aims to finalize the agreement by the end of the week.