Safe-Haven Flows Lift Silver Near $36.10Silver (XAG/USD) rose near $36.10 on Monday, snapping a three-day losing streak as rising Middle East tensions increased safe-haven demand. The gain followed US airstrikes on three Iranian nuclear sites Sunday. Iran vowed to respond, while Trump warned any retaliation would be met with greater force.
Escalation risks continue to support silver. Additionally, Fed Governor Waller signaled a possible rate cut as early as July. Dovish Fed comments and lower rates tend to increase silver demand by making it more affordable globally.
The first resistance is seen at 37.50, while the support starts at 35.40.
