Silver Price Forecast || XAG/USD Rises Above Due to Safe-Haven Flows
Silver Price Forecast || XAG/USD Rises Above Due to Safe-Haven Flows
Silver price (XAG/USD) continues its winning streak for the sixth consecutive day, trading around $34.10 per troy ounce during the Asian session on Tuesday. The demand for safe-haven Silver is increasing amid rising tensions, as Israel has targeted sites associated with Hezbollah's financial operations in Beirut, raising fears of escalating conflict.
Israel's potential retaliatory actions against Iran are also back in focus following an Iranian drone breach that detonated near Prime Minister Benjamin Netanyahu's residence. Additionally, Israeli military forces intensified their operations on Monday, surrounding hospitals and shelters for displaced individuals in the northern Gaza Strip, which has hindered the delivery of essential aid to civilians, according to Reuters.
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