Silver Surges 5% as US-Iran Ceasefire Cools Inflation Worries

2026-04-08 10:02 By Joana Ferreira 1 min. read

Silver prices soared over 5% to $76.70 per ounce on Wednesday, reaching their highest level since March 18, after the US and Iran agreed to a two-week ceasefire.

The deal, which includes a 10-point negotiation framework and the reopening of the Strait of Hormuz, eased concerns over energy-driven inflation and led investors to adjust their 2026 interest rate outlook.

The Federal Reserve is expected to keep borrowing costs unchanged this year, reversing earlier fears of a potential rate hike.

While precious metals like silver typically serve as a hedge against inflation and uncertainty, their appeal weakens in a high-interest-rate environment due to their lack of yield.

Since the Iran conflict began on February 28, silver has fallen by 18%.



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