Silver and platinum climb alongside gold on Hormuz-driven safe-haven demand

Global silver prices rose 0.62% to $60.32 an ounce on Friday, July 10 (19 Tir). Platinum also gained 0.75%, or $12, trading between $1,621 and $1,631 an ounce. According to Kitco News and Trading Economics, the simultaneous rise in precious metals mirrored gold's return above $4,100 an ounce and reflected renewed safe-haven demand as US-Iran military tensions flared again and shipping traffic through the Strait of Hormuz slowed. Silver was nonetheless still on track for a weekly loss, as investors continued to monitor Middle East developments and their impact on inflation and Federal Reserve policy.