Silver Falls to $58.60 as US-Iran Tensions Fuel Energy Supply Fears

Silver (XAG/USD) traded almost 1% lower near $58.60 during the European session on Monday. The white metal came under pressure as escalating attacks between the United States and Iran renewed fears of energy flow disruptions, a scenario that could boost oil prices and spark broader market uncertainty.

The decline reflects risk-off sentiment driven by geopolitical tensions, with traders weighing the potential impact on global energy supplies. Silver, often seen as a safe-haven asset, faced selling pressure despite the uncertainty, as the dollar strengthened and oil-related inflation concerns weighed on the complex.