Silver edged higher as markets reacted to escalating tensions in Middle East, with US-Israel-Iran conflict driving aggressive safe-haven flows. Prices surged to an intraday high above 96 before easing slightly as traders locked in partial profits. Despite intraday consolidation, underlying bid remains intact as war premium continues to underpin precious metals.

For now, further gains remain favored while conflict risk dominates sentiment. However, psychological barrier at 100 is shaping up as key battleground in coming sessions. Market structure and positioning suggest that a firm and sustained break above 100 is not expected at this stage without a significant fresh escalation.

Technically, current advance from 63.98 is viewed as second leg of corrective pattern following record high at 121.83. 100% projection of 63.98 to 86.28 from 71.94 at 94.24 has already been met, suggesting measured target of the pattern has technically been satisfied.

While upside bias remains, strong resistance is expected around 61.8% retracement of 121.83 to 63.98 at 99.78. That zone aligns closely with psychological 100 handle and could cap gains. On downside, break below 85.23 would be first signal that rebound from 63.98 has completed.

That said, market dynamics could shift rapidly if physical demand intensifies. An urgent scramble for physical bars amid worsening geopolitical conditions could tighten liquidity and generate squeeze conditions, propelling Silver decisively through 100 and reopening path toward 121.83 record high.