23.04.202601:05:30UTC+00Silver Remains Volatile

Silver traded above $78 an ounce on Thursday, with price action remaining volatile as markets continued to contend with heightened uncertainty in the Middle East and the ongoing closure of the Strait of Hormuz. The disruption has kept energy prices elevated and sustained concerns over inflation.

Tehran has maintained control of the strategic waterway, sharply curbing international shipping and reportedly firing on commercial vessels this week. At the same time, the United States has continued to enforce a blockade of Iranian ports in an effort to increase pressure on the Islamic Republic—measures that Tehran has denounced as a violation of the ceasefire.

President Donald Trump said the current truce would remain in effect indefinitely while Washington awaits a new peace proposal from Iran.

Since the conflict began, silver has been under persistent pressure, as surging energy prices have reinforced inflation fears and raised expectations of further central bank rate hikes. The metal is now down roughly 17% from its level at the onset of the war.