SLV is trading 6% up today as heightened U.S.-Iran tensions in the Strait of Hormuz drive investors toward safe-haven assets like silver.
- Geopolitical risks have pushed oil prices above $100 per barrel, further amplifying demand across the commodity sector.
- The surge in silver stands in contrast to mixed broader markets, where major indices show minimal changes.
- The price action highlights the sensitivity of SLV to macroeconomic shocks and global instability.