Silver rallies to two-month high as US-Iran tensions boost haven demand
Silver (XAG/USD) extends its rally on Monday and trades around $84.85 at the time of writing, up 5.60% on the day. The white metal continues its bullish momentum, breaking to fresh two-month highs, supported by strong safe-haven demand amid escalating geopolitical tensions in the Middle East.
Given the strong safe-haven demand and geopolitical tensions, silver prices are likely to continue their upward momentum in the short term. A further increase towards $85.50 may be expected if the current trend persists.
Silver (XAG/USD) extends its rally on Monday and trades around $84.85 at the time of writing, up 5.60% on the day. The white metal continues its bullish momentum, breaking to fresh two-month highs, supported by strong safe-haven demand amid escalating geopolitical tensions in the Middle East.
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