Silver climbs toward $57 as safe-haven demand offsets Fed hike expectations

Silver (XAG/USD) advanced toward $56.90 per troy ounce on Monday, gaining 1.62% on the day. The precious metal continues to draw safe-haven demand as geopolitical tensions in the Middle East keep risk sentiment suppressed.

The move comes despite renewed expectations that the Federal Reserve may raise interest rates further, a factor that typically pressures non-yielding assets like silver. The metal's resilience highlights the strength of geopolitical risk premiums in the current environment.