Silver Extends Fall Despite Ceasefire Talks
2026-04-06 07:49
By
Jam Kaimo Samonte
1 min. read
Silver fell toward $72 an ounce on Monday, extending losses from the previous session as investors assessed reports of a potential ceasefire in the Middle East.
The US, Iran, and a group of regional mediators are reportedly discussing terms for a possible 45-day ceasefire that could pave the way for an end to the conflict.
Meanwhile, President Donald Trump issued a fresh ultimatum to Iran, warning of strikes on its power plants and other civilian infrastructure if the Strait of Hormuz is not reopened.
Tehran has rejected the latest demand and continues to target energy assets across the region.
Silver has declined more than 20% since the conflict began, as surging energy prices fueled inflation concerns and strengthened expectations of interest rate hikes.
The metal has also struggled to perform its traditional safe-haven role, pressured by forced liquidations as investors moved to cover losses in other markets.