XAG/USD climbs to $81.50 in early trading as industrial demand drives prices higher amid geopolitical developments.
Silver prices extended gains, reaching $81.50 in early Asian trading on Monday. The rally was fueled by strong demand from industrial sectors, particularly for applications in electronics and renewable energy.
The move follows a broader trend of rising commodity prices, with silver outperforming some peers. Market participants are also monitoring geopolitical developments, including progress on the US-Iran peace deal, for potential impacts on supply dynamics.
Traders remain cautious as macroeconomic factors and central bank policies continue to influence precious metals markets.