The escalating conflict between Israel and Hamas has transitioned from aerial strikes to more intense ground operations, stoking market fears and driving a surge in silver prices. Notably, the September Consumer Price Index (CPI) came in hotter than analysts had expected, showing a 0.4% month-over-month increase and a 3.7% year-over-year climb. As both landscapes remain mired in uncertainty, traders and investors alike would do well to keep a close eye on Middle Eastern developments and Federal Reserve commentary, both of which could serve as critical catalysts for silver’s price movements in the near term.