Silver Rebounds from 1-Month Low

2026-04-30 14:17 By Andre Joaquim 1 min. read

Silver rose toward $73 per ounce on Thursday, bouncing from the one-month low of $71 in the previous session following a halt in the rally for oil prices and signs of bullish long-term demand.

Prices for crude oil and product eased despite more impasses and threats between the US and Iran, driving bond yields to ease from their recent peaks and limiting the opportunity costs for markets to pile on non-interest bearing precious metals.

In the meantime, fresh earnings from AI hyperscalers in the US extended the surge in AI infrastructure spending that has underpinned industrial demand for silver.

$715 billion in AI capex has been penned by Meta, Alphabet, Microsoft, and Amazon, compared to $375 last year.

The rebound took place despite strong data that supported hawkish dissenters from the Fed's last rate hold.

The GDP was broadly aligned with estimates, core PCE prices accelerated more than expected, and initial unemployment claims were the lowest in nearly 50 years.



News Stream
Silver Rebounds from 1-Month Low
Silver rose toward $73 per ounce on Thursday, bouncing from the one-month low of $71 in the previous session following a halt in the rally for oil prices and signs of bullish long-term demand. Prices for crude oil and product eased despite more impasses and threats between the US and Iran, driving bond yields to ease from their recent peaks and limiting the opportunity costs for markets to pile on non-interest bearing precious metals. In the meantime, fresh earnings from AI hyperscalers in the US extended the surge in AI infrastructure spending that has underpinned industrial demand for silver. $715 billion in AI capex has been penned by Meta, Alphabet, Microsoft, and Amazon, compared to $375 last year. The rebound took place despite strong data that supported hawkish dissenters from the Fed's last rate hold. The GDP was broadly aligned with estimates, core PCE prices accelerated more than expected, and initial unemployment claims were the lowest in nearly 50 years.
2026-04-30
Silver Rises as Middle East Conflict Drags On
Silver climbed toward $73 an ounce on Thursday, rebounding modestly from three-week lows as investors monitored geopolitical developments following reports that the US military would brief President Donald Trump on potential action against Iran. Trump also said the US would maintain its naval blockade on Iran until a nuclear agreement is reached, while Tehran accused Washington of attempting to force the country into submission through economic pressure and internal divisions. The prolonged Middle East conflict and the near-closure of the Strait of Hormuz continued to unsettle global markets, leading traders to dial back expectations for rate cuts this year and instead begin pricing in the possibility of a hike in 2027. Meanwhile, the US Federal Reserve left its policy settings unchanged as widely anticipated, although four officials dissented, highlighting increasing divisions over the policy outlook amid heightened uncertainty tied to the Iran conflict.
2026-04-30
Silver Pressured by Inflation Risks
Silver traded around $72 an ounce on Thursday, hovering at three-week lows as surging energy costs intensified inflation worries and strengthened expectations that major central banks may need to raise interest rates. President Donald Trump said the US would keep its naval blockade on Iran in place until it agrees to a nuclear deal, while Tehran accused Trump of attempting to force the country into submission through economic pressure and internal divisions. The prolonged Middle East conflict and the near-shutdown of the Strait of Hormuz unsettled global markets, prompting traders to scale back bets on rate cuts this year and instead begin pricing in the possibility of a hike by 2027. Meanwhile, the US Federal Reserve left its policy settings unchanged as widely expected, although four officials dissented, underscoring rising divisions over the policy outlook amid heightened uncertainty stemming from the Iran conflict.
2026-04-30