Silver nears $34 amid safe-haven demand and market uncertainty

Silver prices approached $34 per ounce on Tuesday, following gold's upward trend as ongoing uncertainty surrounding the US presidential election and tensions in the Middle East heightened demand for safe-haven assets.

Silver nears $34 amid safe-haven demand and market uncertainty

Israeli airstrikes in Lebanon’s eastern Bekaa Valley resulted in at least 60 fatalities and numerous injuries amid the region's escalating violence. Additionally, the rally in the US dollar and Treasury yields slowed as investors prepared for significant US economic data releases this week, offering some relief to commodity prices.

Markets eye Beijing's stimulus announcements at Nov. 4-8 congress

Meanwhile, market participants anticipate potential announcements regarding additional stimulus measures from Beijing during the National People’s Congress meeting scheduled for November 4-8.