Silver is trading 3.2% higher at $59.72 as investors react to escalating violence around the Strait of Hormuz and broader Middle East tensions.
- Recent reports of attacks on shipping and US bases, combined with Donald Trump’s last chance warning to Iran, are supporting precious metals as safe-haven and inflation-hedge assets.
- The upward move aligns with strong risk sentiment in equities, with Nasdaq futures up over 1%, highlighting a unique mix of risk-on and safe-haven market flows.