Silver Rises to Over 14-Year High

2025-09-25 14:07 By Felipe Alarcon 1 min. read

Silver traded above $44 an ounce on Thursday, near a 14-year high, as firmer industrial offtake and tighter physical availability outweighed stronger US macro data that lifted yields and the dollar.

On the demand side, offtake from photovoltaic panels and electronics, where silver is difficult to substitute, has picked up, supporting near-term consumption.

On the supply side, most silver is produced as a by-product of base-metal mining and cannot quickly expand with price; recent smelter and processing disruptions in key refining hubs have trimmed refined availability, reduced prompt deliverability and pushed up premiums for near-term metal.

Nonetheless, upside surprises in US data this week, including a Q2 GDP revision to 3.8% and initial jobless claims falling to their lowest since July, narrowed expectations for Fed easing and tempered further gains.



News Stream
Silver Falls Sharply as Iran Conflict Fuels Dollar, Rate Fears
Silver prices plunged slid over 2% to around $73 per ounce, dragged down by a rising US dollar and oil prices after President Donald Trump vowed to escalate attacks on Iran, fueling inflation concerns and shifting market expectations from pre-war rate cut hopes to the likelihood of unchanged Federal Reserve policy in 2026. While Trump claimed US forces had "nearly accomplished" their military goals, he offered no exit strategy for the month-long war, instead pledging to strike Iran "extremely hard" over the next "two to three weeks." Tehran, on the other hand, denied Trump’s claim that it had requested a ceasefire, insisting the Strait of Hormuz remains under IRGC control. The dollar’s safe-haven surge pressured precious metals, with silver already down more than 20% since the conflict erupted on February 28.
2026-04-02
Silver is down by 5%
Silver decreased 5% to 71.326 USD/t.oz
2026-04-02
Silver Slides Over 6%
Silver prices slid more than 6% toward $70 per ounce on Thursday as the US dollar gained ground following President Donald Trump’s prime-time address. Trump offered no clear end date for the Middle East conflict and noted that the US had nearly achieved its strategic goals in Iran but cautioned that the military campaign could intensify over the next two to three weeks. The remarks pushed the US dollar higher, as it has recently emerged as a safe-haven asset, putting pressure on dollar-denominated precious metals. Meanwhile, oil prices climbed again, stoking inflation worries and fueling expectations of tighter monetary policy, which in turn pushed yields higher and added further pressure on dollar-based assets. Markets have recently ruled out any US rate cuts in 2026, a sharp shift from pre-war projections of two reductions.
2026-04-02