Silver Pressured by Iran Uncertainty

2026-03-26 00:39 By Jam Kaimo Samonte 1 min. read

Silver fell below $70 per ounce on Thursday, trimming recent gains as conflicting statements from the US and Iran over potential peace talks continued to unsettle financial markets.

Washington has maintained that negotiations are ongoing, with the Trump administration reportedly sending a 15-point proposal to Iran via Pakistan aimed at resolving the conflict and reopening the Strait of Hormuz.

However, Iran said it has no intention of holding talks with the US and would reject a US ceasefire offer, instead setting its own conditions, including sovereign control over the strategic waterway.

The US has also ordered the deployment of thousands of troops to the Middle East, raising concerns about a possible ground invasion.

Silver has faced heavy selling pressure this month as surging energy prices linked to disruptions from the Iran war fueled inflation fears and prompted a hawkish pivot among major central banks.



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Silver is down by 5%
Silver decreased 5% to 61.8 USD/t.oz
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