[Analyst: Escalating Geopolitical Risks May Push NY Silver Futures Back Above $100] BlockBeats News, March 1, Geojit Investments' Head of Commodity Research, Hareesh V, stated that escalating geopolitical risks could trigger a surge in precious metal purchases, potentially driving New York silver futures back above $100 per ounce. Additionally, the analyst mentioned that while the possibility of global gold prices reaching $6,000 in extreme scenarios cannot be ruled out, the trend will largely depend on how the conflict evolves. In the short term, heightened market volatility and risk-averse sentiment are likely to continue supporting gold prices. IndusInd Securities Senior Research Analyst Jigar Trivedi believes that unprecedented strikes by the U.S. and Israel on Iran have intensified tensions in the Middle East and raised concerns about potential disruptions to global energy supplies. This has driven safe-haven buying, which is expected to provide new upward momentum for New York gold futures. Since the beginning of the year, ongoing geopolitical tensions have consistently supported prices. Last Friday, gold closed higher, and the precious metals market is likely to gap higher again on Monday. (Jin10)