Silver Trims Gains

2026-03-02 02:54 By Jam Kaimo Samonte 1 min. read

Silver jumped as much as 2.8% to $96.4 per ounce on Monday before giving back gains, as traders reacted to a major escalation in the Middle East conflict.

The US and Israel carried out strikes on Iran over the weekend, resulting in the death of Iran’s Supreme Leader, Ayatollah Ali Khamenei, and prompting the effective closure of the Strait of Hormuz, a key route for roughly one-fifth of global oil shipments and significant natural gas flows.

Tehran retaliated by targeting US assets across the region, including the United Arab Emirates, Bahrain, Kuwait, Qatar, Saudi Arabia, Jordan, Iraq, and Syria.

In the US, data on Friday showed producer prices rose more than expected in January, suggesting companies are passing tariff costs to consumers and complicating the path for Federal Reserve rate cuts.

Markets are still pricing in two 25-basis-point rate cuts this year amid speculation that recent turmoil could push the central bank to ease monetary policy.



News Stream
Silver Trims Gains
Silver jumped as much as 2.8% to $96.4 per ounce on Monday before giving back gains, as traders reacted to a major escalation in the Middle East conflict. The US and Israel carried out strikes on Iran over the weekend, resulting in the death of Iran’s Supreme Leader, Ayatollah Ali Khamenei, and prompting the effective closure of the Strait of Hormuz, a key route for roughly one-fifth of global oil shipments and significant natural gas flows. Tehran retaliated by targeting US assets across the region, including the United Arab Emirates, Bahrain, Kuwait, Qatar, Saudi Arabia, Jordan, Iraq, and Syria. In the US, data on Friday showed producer prices rose more than expected in January, suggesting companies are passing tariff costs to consumers and complicating the path for Federal Reserve rate cuts. Markets are still pricing in two 25-basis-point rate cuts this year amid speculation that recent turmoil could push the central bank to ease monetary policy.
2026-03-02
Silver Climbs as Middle East Conflict Escalates
Silver advanced nearly 2% to above $95 per ounce on Monday, reaching an over one-month high as safe-haven demand strengthened after joint US and Israeli strikes on Iran sharply escalated the war in the Middle East. The conflict resulted in the death of Iran’s Supreme Leader, Ayatollah Ali Khamenei, and triggered the effective closure of the Strait of Hormuz, a key passage for roughly one-fifth of global oil shipments and substantial natural gas flows. Iran also launched attacks on US assets across neighboring states, including the United Arab Emirates, Bahrain, Kuwait, Qatar, Saudi Arabia, Jordan, Iraq and Syria. The large-scale US-led offensive was carried out over the weekend after Iran rejected Washington's demands to curb its nuclear program.
2026-03-01
Silver Prices Positioned for Strong Gains
Silver prices are poised to surge when trading resumes Sunday night, driven by renewed safe-haven demand after US and Israel's attacks on Iran sharply escalated tensions in the Middle East. In retaliation, Iran moved to restrict traffic through the strategic Strait of Hormuz, a vital route for about one-fifth of the world’s oil and substantial natural gas flows, and launched attacks across neighbouring states, including the United Arab Emirates, Bahrain, Kuwait, Qatar, Saudi Arabia, Jordan, Iraq and Syria. Silver had already been on the rise, trading above $92 per ounce on Friday, and hitting nearly two-month highs as investors rotated into precious metals amid intensifying trade and geopolitical risks.
2026-03-01