US-Iran Tensions Send Silver Prices into Safe-Haven Mode

Silver prices held steady above support levels as investors sought safety amid escalating tensions in the Middle East.

The ongoing conflict between the US and Iran has led to increased demand for silver, a traditional safe-haven asset, according to a recent analysis from Traders Union.

Silver is currently trading at $66.19, below its key moving averages, with mixed technical signals persisting in momentum indicators.

The Ichimoku Kijun level stands as immediate support at $65.97, while resistance lies near $67.91.

Analysts project a volatility range of $64.47 to $67.91 over the next four trading days, with a 61% probability of a downside move.