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Commodities

Silver Prices Soar 5% Amid Easing US-Iran Tensions

Guavy AI Editorial Team
Instruments
Silver
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Silver prices surged by 5.03% on August 2026 due to cautious optimism over easing US-Iran tensions, which boosted demand for safe-haven metals.

The price increase is supported in the short and medium term as Silver remains above its 20-day and 50-day moving averages, despite being capped below the 200-day average.

Bullish momentum is evident in the short-term, but mixed signals from momentum indicators indicate caution is warranted. Technical signals show key resistance at $62.6 and support at $60.92.

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