Silver Prices Positioned for Strong Gains

2026-03-01 10:45 By Anna Fedec 1 min. read

Silver prices are poised to surge when trading resumes Sunday night, driven by renewed safe-haven demand after US and Israel's attacks on Iran sharply escalated tensions in the Middle East.

In retaliation, Iran moved to restrict traffic through the strategic Strait of Hormuz, a vital route for about one-fifth of the world’s oil and substantial natural gas flows, and launched attacks across neighbouring states, including the United Arab Emirates, Bahrain, Kuwait, Qatar, Saudi Arabia, Jordan, Iraq and Syria.

Silver had already been on the rise, trading above $92 per ounce on Friday, and hitting nearly two-month highs as investors rotated into precious metals amid intensifying trade and geopolitical risks.



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