Silver Pares Losses

2026-04-01 13:42 By Felipe Alarcon 1 min. read

Silver prices pared earlier losses to hover around $75 per ounce on Wednesday as the metal found support from a weakening US dollar and shifting geopolitical signals in the Middle East.

While the asset extended a sharp monthly sell-off from March it recovered from recent lows as the dollar index retreated from a ten-month high following signs that the US aims to restore vessel flows in the region.

President Donald Trump indicated that Iran requested a ceasefire but he noted the US will only consider a deal once the Strait of Hormuz is fully operational and secure while warning of further escalation if attacks on tankers persist.

This rhetoric maintained volatility across commodity markets as oil prices fluctuated after a brief dip while the 10-year Treasury yield remained little changed following a significant rise last month.

Despite the recovery silver remains well below its record highs as strong US private employment and retail sales data suggest the economy remains resilient.



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