Silver prices (XAG/USD) fell toward the $57.00 level on July 16, driven by ongoing geopolitical tensions in the Middle East. By July 20, spot silver rose 1.8% to $56.85 an ounce but faced strong resistance at the $57.50 level. Prices were further influenced by Brent crude climbing above $90 a barrel as the US-Iran conflict neared a broader regional war.
Silver prices approach the $60.00 per ounce level as strong momentum outweighs broader market fears regarding surging inflation.
Read the full storySpot silver rose 1.8% to $56.85 an ounce, driven by safe-haven demand as regional conflicts in the Middle East escalate.
Silver prices (XAG/USD) retreated toward the $57.00 mark as market participants reacted to shifting risk sentiment driven by regional instability.