Silver slipped toward $87 per ounce on Thursday, pulling back from Wednesday’s three-week high of $91.30, as investors assessed the prospects of upcoming US–Iran nuclear talks and indications that US interest rates may remain unchanged for an extended period. Despite the decline, silver is still up more than 3% for the week, underpinned by persistent uncertainty over US trade policy and rising geopolitical tensions.
Delegations from Iran and the United States are preparing for a third round of nuclear negotiations in Geneva, against the backdrop of a substantial US military buildup in the Middle East. Several countries have advised their citizens to leave Iran amid concerns over possible US strikes.
On the trade front, US Trade Representative Jamieson Greer indicated that tariff rates for certain countries could be raised to 15% or higher, up from the recently imposed 10%, though he did not offer additional specifics.
In monetary policy, the Federal Reserve is widely expected to leave interest rates unchanged at its next meeting, as policymakers weigh mounting inflationary pressures.
