Silver (XAG/USD) extended its positive trajectory on Monday by reaching $31.51 per troy ounce in the Asian trading session. The metal’s value climbed for the third consecutive day due to a surge in demand for safe-haven assets, driven by escalating global geopolitical uncertainties. Investors are turning to silver as a safe haven amidst the rising geopolitical risks, which are influencing market sentiment and supporting the upward movement of silver prices. Recent concerns raised by the U.S. Department of State regarding Chinese military activities in the Taiwan Strait and ongoing tensions in the Middle East are contributing to the metal’s appeal as a secure investment during times of crisis. The geopolitical landscape involving major economies such as China is impacting silver’s performance, with historical trends indicating that silver prices tend to increase during periods of heightened global political tensions. The prevailing environment of geopolitical risks and market volatility suggests that silver is likely to experience further gains in the short term. Looking ahead, given the ongoing geopolitical uncertainties, silver is expected to sustain its upward trend, with market demand for secure assets reinforcing its positive outlook. Investor focus will remain on developments in global tensions as a key factor in determining silver’s future price movements. In the short term, silver is anticipated to aim for the $31.54 resistance level, with continued upside potential if it remains above $31.22, while downside risks are evident below $30.81. The technical analysis indicates that as long as silver stays above $31.22, the outlook remains optimistic, but a drop below this level could trigger a more pronounced decline.