01.04.202600:41:53UTC+00Silver Holds Gains

Silver traded around $75 per ounce on the first trading day of April, consolidating a gain of more than 7% from the prior session and touching a two-week high. The advance was supported by hopes that easing tensions in the Middle East could help push oil prices lower and, in turn, temper fears of further interest rate hikes by major central banks.

US President Donald Trump signaled that the United States had largely achieved its military objectives and would leave other countries to manage security issues in the Strait of Hormuz. His remarks followed reports from Iranian state media quoting President Masoud Pezeshkian, who said the Islamic Republic is ready to end the war if its conditions are met.

Despite the latest rebound, silver tumbled more than 20% in March, marking its sharpest monthly decline since September 2011, and now trades nearly 40% below the record highs reached in January. The sell-off reflects disruptions in energy markets and mounting inflation concerns, which have driven both investors and central banks toward a more hawkish policy stance. In this context, traders have abandoned expectations of US interest rate cuts in 2026, reversing pre-war forecasts that had penciled in two reductions.