Silver prices rose above $33.10 an ounce on Monday (24/03), snapping a three-day losing streak, as safe-haven demand increased amid geopolitical tensions and economic uncertainty in the U.S.
Investors are closely monitoring U.S.-led efforts to end the Russia-Ukraine war, while fighting in the Middle East escalated following an Israeli airstrike on a Gaza hospital on Sunday that killed five people.
Silver also found support from a weaker U.S. dollar, as concerns mounted that President Donald Trump's tariffs could slow economic growth.
This, in turn, could prompt the Federal Reserve to cut interest rates further, boosting demand for the precious metal.
Source: Newsmaker.id
