Silver prices (XAG/USD) have retraced their recent losses and are currently hovering around $31.90 per troy ounce during Wednesday’s Asian session. The rising demand for the precious metal as a safe haven comes amid escalating geopolitical tensions in the Middle East and concerns related to new US tariffs.

This shift indicates a growing risk aversion among investors, prompting them to seek the stability that silver has historically provided. As political uncertainties loom, market participants are keeping a close watch on how silver prices will respond in upcoming sessions.

With the ongoing tension and market volatility, silver’s role as a hedge in uncertain times is reaffirmed. The next few sessions might be pivotal for those trading in the precious metals space.

Stay vigilant as the situation develops!