New Delhi, March 27 -- Gold and silver prices were trading higher on Friday, 27 March, as both precious metals attempted to recover from the previous day's sell-off after US President Donald Trump delayed a threatened strike on Iran's energy infrastructure and extended his deadline for Tehran to reopen the Strait of Hormuz until 6 April, providing some relief to safe-haven buyers.

May silver futures on COMEX rebounded, gaining $2.50 to reach an intraday high of $74 per troy ounce, but remained on track to extend their weekly losing streak to four. April gold futures surged $93 to hit an intraday high of $4,601 per troy ounce, partially recovering from Thursday's $176 crash.

Despite today's recovery, the yellow metal is still down 3.13% ...