SLV is trading 3.8% higher at $75.75 in pre-market action as escalating U.S.-Iran tensions in the Strait of Hormuz trigger a flight to safe-haven assets and drive oil prices above $100 per barrel.
- Silver is benefiting from its traditional role as a hedge against geopolitical risk and rising energy-driven inflation.
- The commodity surge reflects market concerns over potential supply chain disruptions and broader regional instability.