The iShares Silver Trust (SLV) surged 5% during Tuesday's intraday session, reflecting strong investor interest in the precious metal amid market volatility.
The rally was driven by heightened geopolitical tensions following the US capture of Venezuelan leader Nicolás Maduro, which traditionally boosts safe-haven assets like silver. Additionally, dovish comments from Federal Reserve officials increased bets on interest rate cuts, further supporting silver prices as lower rates reduce the opportunity cost of holding non-yielding assets.
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