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fxJul 21, 2026, 3:00 PM

Silver Surges to $58.85 as Safe-Haven Demand Rises on Middle East Tensions

Silver (XAG/USD) rallied to around $58.85 on Tuesday, gaining 4.31% as heightened safe-haven demand followed escalating tensions in the Middle East.

XAGUSD

Silver (XAG/USD) surged to approximately $58.85, up 4.31% on the day, driven by strong safe-haven buying. Investors continue to monitor escalating tensions between the United States and other parties in the Middle East, which have boosted demand for traditional safe assets.

The white metal’s rally reflects broader market unease, with geopolitical risks supporting precious metals. Further price action will likely depend on the trajectory of Middle East developments and shifts in risk appetite.

Source: FXStreet Forex News