Silver is up by 5.01%

Silver jumped more than 4% to above $76 per ounce on Wednesday, hitting a three-week high after President Donald Trump delayed his planned strikes on Iranian civilian infrastructure by two weeks to finalize talks on a potential resolution to the war. Trump also said the US had received a 10-point proposal from Iran that he described as a “workable basis for negotiations,” with the two-week window allowing the potential agreement to be finalized and implemented. Additionally, Iran has agreed to reopen the Strait of Hormuz for two weeks provided all attacks are halted, adding that transit would need to be coordinated with Iran’s Armed Forces, while Israel has also reportedly assented to the temporary ceasefire. Silver has tumbled as much as 37% peak-to-trough since the conflict began, as a surge in energy prices fueled inflation concerns and reinforced a hawkish shift in central bank outlooks.

Silver increased 5.01% to 76.354 USD/t.oz

Silver dropped roughly 2% to trade below $71.6 per ounce on Tuesday as the market adopted a defensive stance ahead of President Trump’s 8 p.m. ET deadline for the reopening of the Strait of Hormuz. This decline persists despite reports that Iran has suspended direct ceasefire negotiations in response to Trump's civilization threats while confirming overnight US strikes on military assets at Kharg Island and the Yahya Abad bridge. While silver traditionally functions as a safe haven its allure is being systematically dismantled by a surging US dollar and a shift in Federal Reserve expectations from rate cuts to potentially restrictive hikes to curb energy led inflation. High oil prices are fueling stagflation fears which has pressured non yielding assets and left silver 25% below pre war levels. Furthermore the metal's performance is being hindered by forced liquidations as investors cover losses in other sectors amid the escalating Middle East conflict.