SLV is trading 4.3% higher in after-hours sessions, rebounding from a 3.5% intraday decline as reports of diplomatic progress in the Middle East bolster investor sentiment.
- Silver is seeing increased demand as both a safe-haven and industrial asset amid hopes for a ceasefire extension before the 8pm EST deadline.
- The rebound aligns with a broader market rally and positive futures, driven by de-escalation reports regarding the Strait of Hormuz.
- While oil prices remain elevated above $113 per barrel, the shift toward diplomatic solutions is stabilizing demand across the precious metals sector.