Silver prices drop to $74.70 per troy ounce as geopolitical risks weigh on investor sentiment.
Silver (XAG/USD) retreated below $75.00, trading at $74.70 per troy ounce during Asian trading hours. The decline follows a modest rebound in the prior session, driven by fresh escalation in Middle East hostilities.
Prices had stabilized briefly after recent gains but reversed as geopolitical uncertainty heightened demand for safe-haven assets like gold, diverting flows from silver. The metal, often volatile, remains sensitive to macroeconomic shifts and conflict-driven risk aversion.
No immediate market reaction data was reported, but silver’s correlation with broader commodity trends suggests continued pressure if tensions persist.