Analyst: Escalating geopolitical risks may push New York silver futures back above $100

SmartContractAuditor · 2026-03-01T09:41:22+00:00

Analysts at Geojit Investments believe that due to rising geopolitical risks, investors may flock to precious metals, pushing the New York silver futures price back above $100. Global gold prices could potentially rise to $6,000 in extreme scenarios, depending on the development of the conflict. Escalating tensions in the Middle East could also drive gold prices higher.

SmartContractAuditor

2026-03-01 09:41:22

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Odaily Planet Daily reports that Geojit Investments’ Chief of Commodities Research Hareesh V states that escalating geopolitical risks could trigger a surge in precious metal buying, potentially pushing New York silver futures back above $100 per ounce. Additionally, the analyst mentioned that while the possibility of global gold prices rising to $6,000 cannot be ruled out in extreme cases, its trajectory will largely depend on how the conflict unfolds. In the short term, increased market volatility and risk aversion are likely to continue supporting gold prices. Jigar Trivedi, Senior Research Analyst at IndusInd Securities, believes that due to unprecedented strikes by the U.S. and Israel against Iran, which have heightened tensions in the Middle East and raised concerns over potential disruptions to global energy supplies, safe-haven buying could give New York gold futures a new upward momentum. Since the beginning of the year, ongoing geopolitical tensions have supported prices. Last Friday, gold closed higher, and the precious metals market is likely to gap higher again on Monday. (Jin10)

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