Silver Price Forecast: Safe-Haven Demand Returns, Silver Consolidates

Silver rose nearly 1.80% on Monday, currently quoted at $66.12 per ounce. A softer dollar provided support for silver prices, while geopolitical tensions between the U.S. and Iran kept investor sentiment cautious, driving safe-haven demand back into the precious metals sector. Oil prices edged higher during the session, but precious metals showed relative strength overall, with silver regaining its status as a safe-haven asset.