SLV is trading 5.6% up in pre-market as silver futures jumped over 5% to approximately $76 per ounce following a two-week ceasefire announcement between the US and Iran.
- The rally in precious metals comes as Middle East tensions ease, providing a significant boost to silver prices.
- Crude oil prices plunged over 15% on the news, further supporting the rally amid broader gains across global indices and futures markets.