Silver Surges Amid Middle East Tensions, US-China Summit Looms

Silver prices have surged to nearly two weeks' highs on Monday, reaching $66.60 an ounce in the front-month COMEX contract before settling at $66.53.

The climb comes as investors increasingly seek safe-haven assets due to simmering Middle East tensions, despite a stronger dollar that has capped gains.

This trend is not new: when geopolitical instability rises, silver's dual role as both a store of value and a hedge against inflation tends to attract buyers even when currency headwinds are present.

The upcoming summit between US President Trump and Chinese leader Xi on the sidelines of the UN General Assembly has drawn attention from investors, with trade tariffs and export controls on artificial intelligence hardware topping the agenda.