Silver is trading 3.1% up at $58.85 as safe-haven demand and a recovery in broader risk sentiment help the metal bounce back from a recent correction.
- Geopolitical tensions in the Middle East and U.S.-Iran strikes continue to fuel safe-haven buying and inflation fears.
- Improving equity futures suggest a shift in risk appetite, allowing the metal to recover from last week's volatile stretch driven by interest rate uncertainty.
- The price action marks a significant rebound as the market balances macro jitters against a broader improvement in global risk sentiment.