According to the Korea Gold Exchange on July 20, the buying price of silver (3.75g) was recorded at 11,100 won, and the selling price at 9,420 won. The buying price rose by 70 won (0.63%) compared to the previous day, and the selling price also increased by 60 won (0.64%), showing strength above the previous flat range.

As of the same time, the international silver price on the New York Mercantile Exchange (COMEX) is trading at around $56.78 per ounce. While it posted a slight increase from the previous day, it remains below the $60 mark.

Meanwhile, as clashes between the United States and Iran escalate, the possibility of an all-out war resuming is also being raised. Both sides have been crossing each other's 'red lines,' pushing the Middle East situation into an unpredictable phase. Geopolitical risks are typically cited as factors that directly affect demand for safe-haven assets such as gold and silver. As the direction of the Middle East situation is expected to bring changes to the precious metals market, it is necessary to closely monitor related developments.

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