Silver surges to its highest level in two months as investors seek safe-haven assets amid rising geopolitical risks.
Silver prices climbed 5.6% to $84.85 per ounce, reaching a two-month high as escalating US-Iran tensions fueled demand for safe-haven assets. The rally extends a bullish trend for the white metal, driven by geopolitical uncertainty in the Middle East.
Prior to the surge, silver had traded in a narrower range, with recent sessions showing modest gains. The move marks a sharp breakout from previous resistance levels, reflecting heightened investor caution.
Markets reacted swiftly, with silver outpacing other precious metals as traders shifted allocations toward traditional havens.