Silver prices fell around $29.40 in thin US midday trading after the Christmas holiday on Friday (12/27). The white metal came under pressure even as tensions in the Middle East between Israel and Iran have escalated.
On Thursday, Israel launched missiles at the Iranian-backed Houthi military and bombed Yemini airport. Following the airstrike, Israeli Prime Minister Benjamin Netanyahu said in an interview with Israeli Houthi TV, "We are just getting started with them." Israel retaliated against last week's airstrike by Iran.
Historically, rising geopolitical tensions increase demand for safe-haven assets, such as Silver.
Source: Newsmaker.id
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