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2026.03.0912:41:51UTC+00Silver Pares Losses

Silver prices trimmed most of their early losses on Monday, settling only slightly lower at $83.9 per ounce as markets weighed the escalating conflict with Iran and its broader economic fallout. A sharp rally in energy markets sent oil prices above $100 a barrel, heightening fears of accelerating inflation and strengthening expectations that central banks—especially the Federal Reserve—may adopt a more hawkish policy stance to rein in price pressures. A firmer US dollar and rising bond yields added further headwinds for precious metals, while safe-haven demand offered only limited support. Since the onset of the conflict with Iran, silver has declined roughly 10%. The metal also faced additional pressure from concerns that higher energy costs could dampen global growth and curb industrial activity, undermining a core source of silver demand.

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