Silver Falls Below $77

Silver decreased 5.01% to 75.711 USD/t.oz

Silver prices extended losses to below $77 an ounce on Tuesday, hitting the lowest level in about a week, pressured by a stronger dollar as investors weighed uncertainty around US–Iran talks and the Senate confirmation hearing of Federal Reserve Chair nominee Kevin Warsh. It remains unclear whether Iran will join the US for a second round of negotiations ahead of Wednesday’s ceasefire deadline, while the Strait of Hormuz continues to be largely shut. Meanwhile, rising oil prices have reignited inflation concerns, lifting both the dollar and Treasury yields and weighing further on bullion. In addition, Kevin Warsh advocated a new framework for the Fed to deal with persistent inflation, while failing to offer further details. Since the Iran war began, silver has plunged over 15%, as geopolitical risks clash with resilient US consumer activity and the Fed’s cautious policy stance.

Silver remained under pressure below $79 an ounce on Tuesday, as investors weighed potential US-Iran negotiations against escalating tensions. US President Donald Trump warned he "expects to be bombing" Iran once the ceasefire expires on Wednesday, while still suggesting Tehran could secure a "great deal" if it engages in Pakistan talks, despite Iran’s denial of participation. The Middle East conflict has sparked a historic energy supply shock, driving inflation concerns and increasing expectations of central bank rate hikes, which have weakened demand for precious metals. Adding to the pressure, strong US economic data reduced safe-haven appeal: retail sales jumped 1.7% in March, the most in a year, with widespread gains likely supported by larger-than-usual tax refunds. Since the Iran war began, silver has plunged over 15%, as geopolitical risks clash with resilient US consumer activity and the Federal Reserve’s cautious policy stance.