Silver prices saw a 0.90% increase to $31.34 during the Asian session on Tuesday, breaking a two-day downtrend as investors turned to safe-haven assets amid geopolitical tensions. Factors such as expectations of a slowdown in U.S. inflation and optimism about China’s economic stimulus measures have supported silver’s rally. The metal’s strength is attributed to safe-haven demand and positive macroeconomic trends. Additionally, silver’s role in renewable energy technologies, particularly in solar panel production, is expected to drive demand higher this year. Analysts predict further upside potential for silver if it maintains prices above $32 per ounce. However, while silver benefits from China’s economic measures, there is a shift away from traditional safe-haven assets like gold. Short-term price direction for silver will be influenced by key U.S. economic data releases and any signals from the Federal Reserve on interest rates. Silver’s immediate support is at $31.08, with resistance at $31.40, aiming for further gains if it breaks above this level.