Silver Drops on US Blockade of Hormuz

2026-04-13 00:07 By Jam Kaimo Samonte 1 min. read

Silver dropped nearly 3% to below $74 an ounce on Monday, paring gains from last week as US plans to blockade the Strait of Hormuz following failed weekend talks with Iran heightened concerns over a worsening global energy crisis.

The restrictions will apply only to vessels entering or leaving Iranian ports starting at 10 a.m.

Eastern Time.

Negotiations in Pakistan failed to produce an agreement, with the US accusing Tehran of refusing to curb its nuclear ambitions, while Iran reportedly sought control of the strait, war reparations, a regional ceasefire, and access to frozen overseas assets.

The effective shutdown of the critical shipping route has driven energy prices sharply higher and intensified inflation risks, reinforcing expectations that central banks may delay rate cuts or even tighten policy further.

This dynamic has weighed on silver, which remains down more than 20% since the conflict began.



News Stream
Silver Drops on US Blockade of Hormuz
Silver dropped nearly 3% to below $74 an ounce on Monday, paring gains from last week as US plans to blockade the Strait of Hormuz following failed weekend talks with Iran heightened concerns over a worsening global energy crisis. The restrictions will apply only to vessels entering or leaving Iranian ports starting at 10 a.m. Eastern Time. Negotiations in Pakistan failed to produce an agreement, with the US accusing Tehran of refusing to curb its nuclear ambitions, while Iran reportedly sought control of the strait, war reparations, a regional ceasefire, and access to frozen overseas assets. The effective shutdown of the critical shipping route has driven energy prices sharply higher and intensified inflation risks, reinforcing expectations that central banks may delay rate cuts or even tighten policy further. This dynamic has weighed on silver, which remains down more than 20% since the conflict began.
2026-04-13
Silver Rises to $75.6 on Rate Cut Hopes and US-Iran Talks
Silver climbed to $75.6 per ounce Friday, heading for a third consecutive weekly gain, lifted by a weaker dollar and investor focus on US-Iran diplomatic talks in Islamabad. The metal surged over 4% this week, further supported by expectations of earlier and deeper US interest rate cuts, which bolster demand for non-yielding assets. A two-week US-Iran ceasefire helped drive a sharp drop in oil prices, easing fears of resurgent inflation. However, the fragile truce faced pressure Friday, as Israeli strikes on Lebanon and Strait of Hormuz disruptions threatened negotiations. The latest US CPI report, the first since the conflict, showed inflation at 3.3%, the highest since May 2024, with a 0.9% monthly jump, the steepest since mid-2022. Markets now price in a 30% chance of at least a 25-basis-point rate cut by the Federal Reserve in December.
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Silver Heads for Third Weekly Gain
Silver held above $75 per ounce on Friday and was on track for a third straight weekly advance, as the US-Iran ceasefire prompted a sharp drop in oil prices and eased fears of renewed inflation and further interest rate hikes. The metal also found support from a weaker dollar, which had stood out as the top safe-haven asset during the crisis. Investors shifted focus to upcoming diplomatic talks in Islamabad this weekend, where Vice President JD Vance will lead a US delegation in meetings with Iranian officials. Meanwhile, Israeli Prime Minister Benjamin Netanyahu reiterated that ongoing operations in Lebanon fall outside the scope of the US-Iran ceasefire, even as Washington prepares to host additional talks next week with Israel and Lebanon to push broader truce efforts. US President Donald Trump also warned Iran over imposing transit fees in Hormuz, criticizing its management of oil shipments.
2026-04-10