- Silver struggles as a stronger US Dollar, driven by safe-haven demand, makes the white metal more expensive for foreign buyers.
- The white metal stays pressured as hawkish 2026 central bank expectations rise amid higher energy prices and inflation fears.
- Trump gave no clarity on reopening Hormuz, warning of intensified military action over the next two to three weeks.
Silver price (XAG/USD) remains in the negative territory after experiencing volatility, trading around $73.10 during the Asian hours on Friday. The dollar-denominated Silver comes under pressure as a stronger US Dollar (USD), driven by safe-haven demand, makes the white metal costlier for foreign buyers. Trading activity may remain subdued due to the Good Friday holiday.
Non-interest-bearing Silver remains under pressure as hawkish central bank expectations for 2026 intensify. Rising energy prices tied to Middle East tensions reinforce inflation concerns, supporting tighter policy outlooks and reducing the appeal of precious metals that offer no yield.
US President Donald Trump offered no clarity on steps toward reopening the Strait of Hormuz, warning of intensified military action over the next two to three weeks and issuing strong threats against Iran. Iran’s Foreign Minister Abbas Araghchi responded that recent US strikes on civilian infrastructure would not force a retreat, describing them instead as evidence of an opponent in disarray and moral decline.
Chicago Fed President Austan Goolsbee expressed concern on Thursday over rising oil prices, noting they could complicate efforts to curb inflation, particularly if gasoline costs surge and lift inflation expectations.
Meanwhile, Lorie Logan, President of the Federal Reserve (Fed) Bank of Dallas, supported the Federal Reserve holding rates steady at the latest FOMC meeting, noting the labor market has stabilized since late 2025, though payroll growth remains weak and “uncomfortable.”
