- March 10, 2026
- Posted by: EWGFX
- Category: news
Iran launched a new round of missile and drone attacks throughout the Gulf on Thursday, with attacks reported in Bahrain, Qatar, Kuwait, and the United Arab Emirates. US President Donald
Trump claimed that Iranian officials had contacted him in an effort to come to an end to the conflict, but he maintained that it was too late and that the US was working to destroy Iran.
Iranian Foreign Minister Abbas Araghchi, meanwhile, declared that his nation had not asked for a ceasefire and had no plans to engage in negotiations. In the short term, a safe-haven asset like silver may benefit from growing tensions between the US and Iran as well as worries about a protracted conflict in the Middle East.
Silver is still in a long-term bullish trend after surpassing its 1980 peak of $50.36 per ounce in 2025.
Industrial and speculative demand for silver has skyrocketed. According to the Silver Institute, demand will exceed supply in 2025, resulting in a 117.70 million-ounce deficit. When the price of silver reached a new record high in 2025, it attracted significant buying interest because it is a highly speculative metal.
Silver Institute projected silver demand to stay “largely unchanged in 2026, as healthy gains in retail investment are likely to offset most of the losses across other key demand segments, notably in jewelry, silverware, and industrial demand.”
A weak US dollar and the likelihood of declining U.S. interest rates have been positive for silver prices.