Silver (XAG/USD) Tracks Safe-Haven Bids as Iran War Drags On
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Talk of ground operations against Iran, including potential moves on Kharg Island's export terminal, is reviving risk-off positioning across markets. Silver, trading as both a monetary and industrial metal, remains sensitive to this kind of escalation risk alongside gold.
With U.S. and Israeli planners reportedly debating deeper military involvement seven months after the February strikes, traders watching XAG/USD are weighing how prolonged Middle East tension could sustain safe-haven demand.
Unlike pure industrial commodities, silver's dual identity means geopolitical shocks can lift it even as broader risk assets sell off, keeping volatility elevated for short-term positioning.