Silver is currently showing an attractive performance in the global market, supported by a combination of macroeconomic factors, geopolitics, and solid industrial demand. The price of silver, which had previously weakened in the Asian session, has strengthened again and returned to the $36 area.

President Trump said on Monday that a "complete and total" ceasefire between Israel and Iran would come into effect to end the conflict between the two countries. He also added that Iran would immediately begin a ceasefire, followed by Israel after 12 hours. Trump's comments came shortly after Iran fired missiles at Al Udeid Air Base in Qatar on Monday. Qatari officials said the missile barrage was intercepted and the base had been evacuated first.

Investment demand for silver, both through ETFs and physical, has increased amid geopolitical tensions (such as the Middle East conflict) and potential inflation. Silver is often an alternative choice for investors who want to diversify from gold, especially when the gold-silver ratio is at a high level.