Silver Rises Over 1% After Sharp Pullback

2025-12-30 02:16 By Erika Ordonez 1 min. read

Silver rose by over 1% to $73 per ounce on Tuesday, following an 8% slump in the previous session, which marked the steepest daily drop in over five years, as traders booked profits.

Markets continued to monitor geopolitical developments, with uncertainty persisting as tensions in the Russia-Ukraine conflict lingered after reports of a suspected Ukrainian drone incident near President Putin’s residence, while negotiations between the two sides continue amid unresolved issues.

Separately, the United States signaled possible further strikes on Iran if nuclear and missile programs advance, and announced an operation against a drug-related facility in Venezuela.

Despite near-term volatility, silver remains on track for a roughly 158% gain, one of its best annual performances since 1979, supported by strong industrial demand, lingering supply constraints, persistent ETF inflows, central bank buying, and three US rate cuts, with markets factoring in expectations of further easing in 2026.



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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.
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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.
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