Silver rose more than 3% to around $58.92 an ounce, moving back toward the key $60 level as investors sought safe-haven assets amid renewed geopolitical tensions. according to BeInCrypto, the rally was fueled by escalating US-Iran tensions, with traders also watching fresh US inflation data and comments from Federal Reserve officials.
The metal held above the $58 to $56 support zone and could retest recent highs near $61 if tensions persist. CoinCodex also projected a possible correction in late 2026 and 2027, with average prices seen falling from the mid-$40s in August 2026 to about $15-$17 by June and July 2027.
Silver Climbs Toward $60 As US-Iran Tensions Boost Safe-Haven Demand
2026-07-28 16:30:13
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