Silver Retreats from Three-Week High

2026-02-26 10:27 By Joana Ferreira 1 min. read

Silver fell toward $87 per ounce on Thursday, retreating from a three-week high of $91.3 touched on Wednesday, as investors weighed upcoming US-Iran nuclear talks and signs that US interest rates could remain on hold for some time.

Despite the pullback, the metal is up over 3% for the week, supported by lingering uncertainty over US trade policy and escalating geopolitical tensions.

Negotiators from Iran and the US are set for a third round of nuclear talks in Geneva, amid a significant US military build-up in the Middle East, with several countries warning citizens to leave Iran due to potential US strikes.

Meanwhile, US Trade Representative Jamieson Greer suggested that tariff rates for certain countries could rise to 15% or higher from the recently imposed 10%, without providing further details.

On monetary policy, the Federal Reserve is widely expected to keep interest rates steady next month amid concerns about rising inflationary pressures.



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