Silver rises above $78 as ceasefire boosts sentiment, despite ongoing tensions

Silver prices surged above $78 per ounce as Donald Trump extended the US-Iran ceasefire, easing immediate geopolitical tensions and supporting safe-haven demand, even as uncertainty lingers with stalled negotiations and Iran?s refusal to participate in talks; continued friction around the Strait of Hormuz, alongside ongoing US naval activity, is maintaining underlying market volatility, while domestically MCX silver futures jumped nearly 2% to ₹2,49,198 per kg, tracking global strength, although prices remain over 15% lower since the conflict began, with recent trends highlighting an inverse relationship between silver and oil amid shifting geopolitical cues.

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