As of July 14, based on the Korea Gold Exchange, the price of silver (Silver, 3.75g) was recorded at 11,450 won for buying and 9,680 won for selling. Compared to the previous day, the buying price fell by 180 won (1.57%), and the selling price also dropped by 140 won (1.45%).

While silver prices are undergoing a minor correction, tensions between the United States and Iran continue to escalate on the international stage. U.S. President Donald Trump added to the tension, stating regarding a memorandum of understanding (MOU) for a ceasefire with Iran that it was "created to test (Iran)."

Due to the impact of these Middle East developments, international oil prices are also showing a sharp upward trend. On July 13 (local time), the September delivery futures closing price at the ICE Futures Exchange recorded $83.30 per barrel, up 9.6% from the previous trading day. On the same day, Brent crude surged to $83.54 per barrel during the session, and the closing price of August delivery West Texas Intermediate (WTI) crude at the New York Mercantile Exchange also soared by 9.4% compared to the previous trading day.

With geopolitical risks and surging oil prices overlapping, market attention is focused on the future price trends of safe haven assets, including silver.

[This article is provided for informational purposes to convey market trends and does not constitute investment advice. Investment decisions and their associated responsibilities lie with the investor.]