- April 24, 2026
- Posted by: EWGFX
- Category: news
Silver trades flat near $75.50 on Friday, set for the first weekly loss in five weeks
Oil-driven inflation fears reinforce higher interest rate expectations, weighing on the non-yielding metal.
Technically, XAG/USD remains below the 50- and 100-day SMAs, keeping upside capped.
Silver (XAG/USD) trades flat on Friday, lacking clear direction as upside remains capped by Oil-driven inflation linked to ongoing US-Iran tensions, which have raised expectations of a prolonged higher interest rate environment.
At the time of writing, XAG/USD is trading around $75.52 after hitting an intraday low of $73.95, down over 5% so far this week, pressured by a stronger US Dollar (USD) and firm Treasury yields, as stalled US-Iran peace talks and rising tensions in the Strait of Hormuz push Oil prices higher.
Price action remains driven by US-Iran headlines and interest rate expectations, with the current geopolitical backdrop keeping Silver tilted to the downside in the near term, while technical indicators also point to downside pressure.