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Commodities

Silver Price Surges Amid Ongoing Tensions Between US and Iran

Guavy AI Editorial Team
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Oil Silver
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The silver price (XAG/USD) has gained 1.14% to reach $57.80 during the Asian trading session on Wednesday, despite oil prices rebounding strongly due to renewed conflicts between the US and Iran.

Oil prices have risen by 3.65% to near $81.20, snapping a three-day losing streak.

The recent surge in oil prices has been attributed to higher inflation expectations, which forces global central banks to lean towards higher or steady interest rates.

This could potentially bode poorly for non-yielding assets like silver.

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