Silver edged higher as markets reacted to escalating tensions in Middle East, with US-Israel-Iran conflict driving aggressive safe-haven flows. Prices surged to an intraday high above 96 before easing slightly as traders locked in partial profits.
Gold (XAU) prices opened higher on Monday after the U.S. and Israel launched major strikes on Iran and killed Ayatollah Ali Khamenei. This event dramatically bumped up geopolitical risk and global uncertainty.
Silver has held together remarkably well given the escalation in the Middle East. Despite the headlines and the uncertainty, the price hasn't broken structure or traded in a disorderly way.
Silver Price Forecast: XAG/USD rises to near $95.00 on safe-haven demand amid Middle East tensions