Silver Prices Rise About 5%

2026-04-17 13:45 By Joana Taborda 1 min. read

Silver extended gains on Friday, climbing around 5% to reach $82 per ounce, as investors welcomed news that the Strait of Hormuz will remain fully open to commercial shipping during the 10-day ceasefire between Israel and Lebanon.

However, vessels are required to transit through a “coordinated route,” according to Iran’s maritime authorities, Iran’s foreign minister said.

The announcement triggered a sharp drop in oil prices which fell more than 10%, helping to ease inflationary pressures, at least in the short term.

Despite the improved sentiment, the broader situation remains fragile.

US President Trump stated that the US naval blockade “will remain in full force” until a comprehensive agreement is reached.

Silver is now on track to end the week 3.6% higher, marking a fourth consecutive weekly gain and is nearly 30% above its March low, supported by expectations that a more lasting US–Iran agreement could reduce inflation risks and limit the need for central bank tightening.



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