SIL is trading 6.4% up at $79.00 in pre-market as spot silver prices extend their upward trend.
- The rally is supported by a softer U.S. dollar and easing concerns over U.S.βIran tensions, which are driving capital back into precious metals.
- The move marks a rebound for silver miners following recent weakness in the sector.
- Broader U.S. equity futures remain mixed, indicating that the gains are primarily driven by commodity dynamics rather than general market sentiment.