17.04.202613:45:47UTC+00Silver Prices Rise About 5%

Silver extended its rally on Friday, jumping about 5% to reach $82 per ounce after investors reacted positively to assurances that the Strait of Hormuz will remain fully open to commercial shipping during the 10-day ceasefire between Israel and Lebanon. However, vessels must follow a “coordinated route,” in line with guidance from Iran’s maritime authorities, Iran’s foreign minister said. The announcement sent oil prices tumbling by more than 10%, easing inflationary pressures, at least in the near term. Still, the broader backdrop remains delicate: US President Trump said the US naval blockade “will remain in full force” until a comprehensive agreement is secured. Silver is now on track to end the week up 3.6%, its fourth straight weekly gain, and stands nearly 30% above its March low. The metal has been supported by expectations that a more durable US–Iran accord could reduce inflation risks and lessen the need for further central bank tightening.