Silver (XAG/USD) holds steady near $34.00 – Market Update
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Silver (XAG/USD) holds steady near $34.00, hovering around a five-month high FUNDAMENTAL OVERVIEW: Silver price remains near its five-month high of $34.08, driven by strong safe-haven demand. The Houthis have claimed responsibility for an attack on the USS Harry S. Truman aircraft carrier. Meanwhile, risk sentiment may improve as Trump and Putin prepare for potential ceasefire discussions in Ukraine. Silver price (XAG/USD) extends its decline for a second consecutive day, trading near $33.60 per troy ounce during European hours on Monday. Despite the pullback, it remains close to the five-month high of $34.08, recorded on March 14. Silver remains supported by safe-haven demand as geopolitical tensions in the Middle East escalate. On Sunday, the Houthis claimed responsibility for an attack involving 18 ballistic and cruise missiles, along with drones, targeting the USS Harry S. Truman aircraft carrier and its escorting warships in the northern Red Sea. Meanwhile, U.S. Defense Secr...