Silver held above $75 per ounce on Friday and remained on track for a third consecutive weekly gain, as the US–Iran ceasefire triggered a sharp pullback in oil prices and eased concerns over renewed inflation and additional interest rate hikes. The metal also drew support from a weaker US dollar, which had emerged as the dominant safe-haven asset during the earlier phase of the crisis.
Market attention shifted toward upcoming diplomatic talks in Islamabad this weekend, where Vice President JD Vance will lead a US delegation in meetings with Iranian officials. At the same time, Israeli Prime Minister Benjamin Netanyahu stressed that ongoing military operations in Lebanon lie outside the scope of the US–Iran ceasefire, even as Washington prepares to host further discussions next week with Israel and Lebanon aimed at advancing a broader truce.
US President Donald Trump also issued a warning to Iran over the imposition of transit fees in the Strait of Hormuz, criticizing Tehran’s handling of oil shipments through the key maritime chokepoint.
