Silver Finds Support on Mideast De-escalation

2026-03-24 00:43 By Jam Kaimo Samonte 1 min. read

Silver traded around $68 per ounce on Tuesday after a sharp intraday rebound in the previous session, as investors weighed the postponement of US strikes on Iranian energy infrastructure and the potential for negotiations to end the conflict.

President Donald Trump’s announcement of a five-day delay in planned strikes was seen as an effort to manage oil prices, with benchmarks plunging about 10%.

The dollar and Treasury yields also eased following the announcement, providing additional support to precious metals.

However, Tehran denied that any negotiations were underway, while Israel continued its attacks on Iran.

The outcome of any talks and the potential reopening of the Strait of Hormuz remain uncertain, keeping inflation risks elevated.

Silver had fallen as much as 37% from its March peak as rising energy prices stoked inflation concerns and reinforced expectations of further interest rate hikes.



News Stream
Silver Remains Under Pressure
Silver fell below $67 per ounce on Tuesday, remaining under pressure amid heightened Middle East tensions as Iran denied holding talks with the US to end the conflict. Tehran dismissed President Donald Trump’s announcement as an attempt to influence financial markets and launched new attacks on US targets, while Israel continued strikes against Iran. On Monday, silver had staged a sharp intraday rebound after Trump postponed planned US strikes on Iranian energy infrastructure and claimed negotiations were underway. The outcome of any talks and the potential reopening of the Strait of Hormuz remain highly uncertain, keeping inflation risks elevated. Silver had fallen as much as 37% from its March peak as rising energy prices stoked inflation concerns and reinforced expectations of further interest rate hikes.
2026-03-24
Silver Finds Support on Mideast De-escalation
Silver traded around $68 per ounce on Tuesday after a sharp intraday rebound in the previous session, as investors weighed the postponement of US strikes on Iranian energy infrastructure and the potential for negotiations to end the conflict. President Donald Trump’s announcement of a five-day delay in planned strikes was seen as an effort to manage oil prices, with benchmarks plunging about 10%. The dollar and Treasury yields also eased following the announcement, providing additional support to precious metals. However, Tehran denied that any negotiations were underway, while Israel continued its attacks on Iran. The outcome of any talks and the potential reopening of the Strait of Hormuz remain uncertain, keeping inflation risks elevated. Silver had fallen as much as 37% from its March peak as rising energy prices stoked inflation concerns and reinforced expectations of further interest rate hikes.
2026-03-24
Silver Rebounds Sharply
Silver prices rebounded above $70 on Monday as a potential diplomatic opening between the US and Iran triggered a sharp recovery across precious metals. The metal had earlier plunged toward $61 to hit its lowest level since mid-December as surging oil prices and hawkish central bank signals fueled a massive liquidation event. However the announcement of a five day pause in planned strikes on Iranian energy infrastructure provided a much needed reprieve for non-yielding assets. While Tehran has dismissed reports of productive talks, the move by the US administration suggests a growing focus on limiting the energy-led inflation that has pressured global risk appetite. Consequently the safe haven premium for silver is being re-evaluated as traders weigh the possibility of joint control over the Strait of Hormuz.
2026-03-23