Silver Extends Downturn

2026-02-26 15:17 By Felipe Alarcon 1 min. read

Silver prices fell below $87 per ounce on Thursday, retreating from a three-week high of $91.3 touched on Wednesday, as easing geopolitical premiums and a firm interest rate outlook overshadowed persistent trade uncertainty.

Negotiators in Geneva signaled potential progress in US Iran nuclear talks which reduced the immediate safe haven demand that supported prices on Wednesday.

Demand for the metal was further capped by a resilient US dollar as January PCE inflation stayed sticky at 3% reinforcing expectations that the Fed will keep interest rates steady.

On the supply side regional selling pressure intensified as traders locked in profits following a 3% weekly gain while waiting for clarity on the administration plan to raise global tariffs from 10% to 15% under Section 122.

This trade pivot followed a February 20 Supreme Court ruling that invalidated previous emergency duties.



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