Silver (XAG/USD) continued its upward movement around $30.70 during Friday's European session. The upward momentum was largely driven by rising geopolitical concerns.
Russian President Vladimir Putin's recent warning of a potential nuclear-capable missile strike on Ukraine, following a large-scale attack on Ukrainian energy infrastructure, has fueled market uncertainty.
Meanwhile, the Middle East has seen some stabilization with the ceasefire between Israel and Hezbollah remaining stable. The ceasefire, facilitated by diplomatic efforts from the US and France, has allowed residents to return to their homes.
However, Israel's ongoing military operation in Gaza remains a major geopolitical risk, contributing to volatility in global markets and affecting the prices of commodities such as silver.
Source: newsmaker.id
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