With rising tensions in the Middle-East, the XAG/USD pair witnessed a significant surge, rising to a near historical high of $32.00. Silver, often viewed as a safe haven asset during turbulent times, seems to be benefiting from geopolitical uncertainties. The escalation in the Middle-East and its potential implications on the global economy have prompted investors to seek refuge in assets such as silver. Analysts predict that should the situation continue to remain volatile, we could expect silver prices to sustain these levels or move higher. On the supply side, the ongoing socio-economic situation can act as a catalyst for a supply-side squeeze which may further exert upward pressure on silver prices. Read More
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