Silver is trading 3% up at $62.06, extending Monday’s gains as safe-haven flows intensify due to rising tensions in the Middle East.
- Prices surged following reports of attacks on shipping and a U.S. base near the Strait of Hormuz.
- Demand for precious metals was further bolstered by President Trump’s last chance warning to Iran, heightening investor concerns.
- The move reflects a broader shift toward defensive assets as market participants seek protection from escalating regional instability.