Analysts suggest that escalating geopolitical risks may drive New York silver futures above $100 per ounce. Hareesh V, Head of Commodity Research at Geojit Investments, highlighted that increased tensions could lead to a buying spree in precious metals. He also mentioned the possibility of global gold prices reaching $6,000 under extreme conditions, contingent on the conflict's progression. Jigar Trivedi, Senior Research Analyst at IndusInd Securities, noted that recent U.S. and Israeli strikes on Iran have heightened Middle East tensions, potentially disrupting global energy supplies. This situation could boost New York gold futures as investors seek safe-haven assets. The ongoing geopolitical climate has supported precious metal prices since the year's start, with gold closing higher last Friday and markets expected to open stronger on Monday.
Geopolitical Tensions Could Propel Silver Above $100, Analysts Say
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