empty
 
 

30.03.202600:49:34UTC+00Silver Drops as Iran War Intensifies

Silver fell nearly 2% toward $68 per ounce on Monday, erasing gains from the previous session as the conflict in the Middle East entered its fifth week with no resolution in sight. Tensions escalated after Iran-backed Houthi militants in Yemen joined the fighting, launching attacks against Israel over the weekend. The group is also capable of targeting ships transiting the Red Sea as well as key Saudi Arabian energy infrastructure.

At the same time, the US military is reportedly preparing for weeks of ground operations in Iran following the deployment of additional troops to the region. Silver is now trading almost 30% below its March peak, as the recent oil price shock has heightened inflation concerns and strengthened expectations for further interest rate hikes by major central banks. Markets are currently pricing in the possibility of a Federal Reserve rate increase this year, a sharp reversal from previous expectations of two rate cuts.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback