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Silver prices rose amid escalating Middle East tensions, driven by US-Israel-Iran conflicts boosting safe-haven demand. Prices hit an intraday high above 96 before retreating slightly as traders secured profits. The war premium continues to support precious metals despite short-term consolidation. Analysts warn of a potential violent price swing if the critical 100 level is breached, which could trigger broader market volatility. The surge in silver reflects heightened geopolitical risk premiums, with investors shifting capital to safe-haven assets. This dynamic impacts not only precious metals but also currency markets, as the US dollar's safe-haven status faces renewed pressure. Traders are closely monitoring technical levels and geopolitical developments for directional clues. For markets, the key focus remains on the 100 psychological barrier for silver. A sustained break above this level could signal a shift in risk appetite, while a breakdown might trigger panic selling. MENA investors should track related safe-haven flows and central bank policy responses to regional tensions.
