SLV is trading 4.6% up in pre-market after silver prices rose to $73.99 per troy ounce on easing Middle East tensions and a pausing US dollar rally.
- Geopolitical risks decreased following de-escalation in the Middle East, supporting silver's safe-haven status while a softening US dollar provided additional tailwinds.
- The move follows a volatile session where SLV closed at $65.91 on May 5, with broader market sentiment bolstered by cooling labor market data.