Silver prices (XAG/USD) maintained their upward momentum on Monday during Asian trading hours, hovering around $59.00 per troy ounce. This marks the second consecutive day of gains for the precious metal, driven in part by escalating strikes between the US and Iran, according to FX Street.
The ongoing geopolitical tensions have contributed to safe-haven demand for silver, supporting its price amid broader market uncertainty. The metal's resilience comes as investors monitor the evolving situation between the two nations closely.
For Japanese investors, silver's recent strength may influence portfolio strategies within commodities and precious metals, especially as regional markets respond to global geopolitical developments.