Silver price edges higher as geopolitical tensions offset inflation concerns

Silver (XAG/USD) was trading near $59.35 on Wednesday, gaining 0.94% during the session. The precious metal found support from persistent safe-haven demand amid ongoing geopolitical tensions, which offset headwinds from rising inflation concerns.

Investors continue to weigh the dual pressures of global instability and inflationary data, with silver acting as a hedge against uncertainty. The metal's price movement reflects a tug-of-war between these opposing forces, with safe-haven flows currently dominating.