Silver prices climb on safe-haven demand amid a softer dollar and escalating US-Iran tensions.
Silver prices rose 1.8% on Monday as the US dollar declined and investors sought refuge amid rising geopolitical uncertainty, particularly over US-Iran tensions. The move underscores a renewed appetite for precious metals as a hedge against market volatility.
The gain follows a period of consolidation in the silver market, with haven demand resurfacing after oil prices showed mixed signals. Analysts note that silver often tracks gold during risk-off periods but can outperform due to its industrial applications.
No immediate market reaction data was provided, but the shift in sentiment suggests a potential recalibration of risk assets in response to broader macroeconomic and geopolitical developments.