Silver Extends Gains to Near $59.00 as US-Iran Tensions Escalate
Silver price continues its upward momentum for a second day, trading around $59.00 per troy ounce during Asian hours, supported by rising geopolitical tensions between the US and Iran.
XAGUSD
Silver (XAG/USD) is extending gains for the second consecutive session, trading near the $59.00 level during Asian trading hours.
The price move comes amid heightened geopolitical risks following reports of escalating US-Iran strikes, which typically boost demand for safe-haven assets like silver.
Traders remain focused on further developments in the Middle East and their potential impact on precious metals.
Source: FXStreet Forex News