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Precious Metals Preview: COMEX silver surges over 1% in early Asia
12-May-2026 09:04

COMEX silver pulled back following a sharp rally in the previous session. The commodity hit its highest level in two months supported by strong safe-haven demand amid escalating geopolitical tensions in the Middle East. Gold futures also paused recent surge and are quoting at $4732.50 an ounce as DXY edged up as focus shifts to key US inflation data, which is due later on Tuesday. Silver is up over 1% at $86.85 per ounce. Strong industrial demand is also driving silver rally. The counter surged more than 7% to a two-month high on Monday.

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