XAG/USD rises for a third day as investors seek refuge in precious metals amid global market volatility.
Silver prices extended gains for a third consecutive session, reaching $68.70 per troy ounce during Asian trading on Friday. The rally reflects heightened demand for safe-haven assets as volatility grips global currency and bond markets.
Prior to this surge, silver had traded in a narrower range, with recent sessions marked by modest fluctuations. The current move aligns with broader trends in precious metals, where uncertainty often drives inflows into non-yielding assets.
No immediate market reaction data was provided, but the shift underscores investor caution amid macroeconomic instability.