Silver follows gold higher amid Iran ceasefire and industrial demand

Silver prices moved higher at the start of the week, tracking gold's gains as the Iran-Israel conflict entered a temporary pause. Unlike gold, silver carries a dual identity as both a safe-haven asset and an industrial commodity. Demand from the photovoltaic solar panel manufacturing sector remains particularly robust, providing a structural tailwind. Analysts note that a softer dollar following diplomatic talks is giving additional momentum to both precious metals. The gold-to-silver ratio remains elevated, which some market participants interpret as a signal of catch-up potential for silver. Investors seeking higher volatility and leverage relative to gold are increasingly viewing silver as a tactical opportunity.