Silver Nears One-Month High
2026-04-15 13:45
By
Joana Ferreira
1 min. read
Silver traded at $79.3 per ounce on Wednesday, near a one-month high, as investors weighed progress in US-Iran peace talks against lingering economic and supply challenges.
Mediators reported advances in extending the ceasefire, though uncertainty persists after the US announced plans to deploy 10,000 more troops to the region.
A weaker dollar, hovering near six-week lows, provided support for silver, while the Federal Reserve’s cautious approach to inflation has eased expectations of aggressive monetary tightening.
Despite these tailwinds, silver has dropped about 15% since the Iran conflict began, as higher interest rates reduce demand for non-yielding assets.
Adding to supply concerns, the Silver Institute and Metals Focus warned of a sixth consecutive year of structural deficit, with 762 million troy ounces drawn from stocks since 2021, raising the risk of a liquidity squeeze.
Industrial demand is forecast to decline 3% to 640 million ounces in 2026.