SLV is trading 6.2% up today at $70.00 as silver prices climb to $73.99/oz, driven by easing U.S.-Iran geopolitical tensions following ceasefire negotiations.
- A weakening U.S. dollar—triggered by lower oil prices and expectations of earlier Fed rate cuts—further boosted silver's appeal as a safe-haven commodity.
- Broader market strength from strong semiconductor earnings and positive labor data provided additional tailwinds for risk assets and commodities.