Silver Falls as Investors Eye US-Iran Negotiation Progress
2026-05-27 14:19
By
Joana Ferreira
1 min. read
Silver prices dropped below $75 an ounce on Wednesday, hitting their lowest level in over a week, as global focus remained on US-Iran negotiations.
Oil prices fell, easing inflation fears, after Washington denied the resumption of its "Project Freedom" in the Strait of Hormuz and Iranian officials confirmed indirect talks were underway.
Meanwhile, Iranian state media reported that any US-Iran agreement reached within 60 days would be adopted as a binding UN resolution, citing a US draft framework.
The proposed deal includes reopening the Strait of Hormuz to commercial vessels within 30 days, ending the US naval blockade of Iranian ports, and joint Iran-Oman management of the strait.
However, the White House later denied the report.
Silver remains nearly 20% below levels seen at the start of the conflict, as concerns over an energy-driven inflation shock strengthened expectations that major central banks may keep monetary policy tighter for longer.