Silver Surges to $32 as Middle East Tensions Fuel Safe-Haven Demand

Silver (XAG/USD) climbed to near $32.00 per troy ounce on Wednesday, February 12, 2025, driven by escalating Middle East tensions and safe-haven demand. The precious metal has gained momentum despite a stronger US dollar, as investors seek refuge amid geopolitical uncertainties. Technical analysis suggests a bullish trend, with the price holding above key moving averages. Industrial demand for silver in green technologies continues to support its long-term outlook. Analysts predict further upside potential, with some forecasts targeting $35 by year-end. However, traders should remain vigilant of potential volatility due to upcoming US economic data releases and Federal Reserve policy decisions.

 

Sources: FXStreet, FOREX.com, TradingEconomics