🟢 SLV is trading 3.3% up today on a weaker dollar and easing Middle East tensions

SLV is trading at $72.47 (3.3% up) in pre-market as silver prices extend their rally driven by a weaker U.S. dollar and Middle East de-escalation.

• Precious metals are benefiting from safe-haven demand and diplomatic progress between the U.S. and Iran, highlighted by a U.S. pause on naval escorts in the Strait of Hormuz.
• The current momentum follows a 6.4% jump on May 6 to $70.13 as silver prices surpassed the $75/oz mark.