Silver Hits 4-week High

Silver increased to 79.67 USD/t.oz, the highest since March 2026. Over the past 4 weeks, Silver lost 1.45%, and in the last 12 months, it increased 142.43%.

Silver traded above $79 an ounce on Wednesday after surging more than 5% in the previous session, supported by hopes that the US and Iran can strike a deal to end the conflict, easing fears of an energy-led inflation shock. Washington and Tehran are reportedly working to schedule a second round of peace talks in the coming days after last weekend’s negotiations collapsed. The US is continuing its naval blockade of Iranian oil exports in the Strait of Hormuz, while Iran is considering a temporary suspension of shipments through the route to help advance a potential agreement. Meanwhile, crude oil retreated below $90 per barrel and the dollar index slipped to a six-week low, lending further support to precious metals. Markets have also dialed back hawkish expectations for monetary policy, with the Federal Reserve adopting a wait-and-see stance as it evaluates inflation risks.

Silver increased 5% to 79.306 USD/t.oz