Silver Soars on US-Iran Tensions, Higher Interest Rate Hopes
Silver prices have extended their gains for the second consecutive day, trading around $58.70 per troy ounce during Asian hours on Tuesday.
The metal is receiving support as non-yielding assets benefit from geopolitical and economic monitoring.
Investors are closely tracking developments in US-Iran talks regarding the potential reopening of the Strait of Hormuz and the broader outlook for US Federal Reserve monetary policy.