Silver Hits 8-Month Lows as Iran Conflict Continues

Silver faced heavy selling pressure, hitting an eight-month low on Friday amid ongoing airstrikes on Iran. Despite geopolitical conflicts historically supporting precious metal demand, the current situation is unfolding contrary to this rule as investors prefer moving to cash. Silver's dual nature — acting as both an industrial metal and a safe haven — means concerns about global economic slowdown due to escalating conflict are also weighing on prices. The combination of a strengthening dollar and declining risk appetite creates an unfavorable short-term backdrop for the metal. Further price movement will largely depend on how long the conflict lasts and how major central banks respond.