Silver Prices Jump on Middle East Tensions, Fed Policy Expectations

Silver prices rose by 1.73% to close at USD 64.96 as geopolitical tensions in the Middle East continued to impact markets.

The escalating conflict between the US and Iran has raised concerns about potential disruptions to regional energy infrastructure, which could lead to higher oil prices and inflationary pressures.

The Federal Reserve's policy decision also remains a key driver for precious metals, with expectations of higher interest rates creating uncertainty in the market.