Global X Silver Miners ETF NEW

SIL

Market cap $4.9B

Precious metals are under strong pressure as traders bet on hawkish central banks.

Spot gold prices are lower and spot silver prices are sharply lower in early U.S. trading Wednesday, as rising oil prices, a firmer U.S. dollar and renewed U.S.-Iran hostilities offset safe-haven demand.

The ongoing US-Iran ceasefire allowed gold and silver to react to technical breakdowns. Gold accelerated lower below $4,500 with strong bearish continuation while silver traded at $74.80.

Gold and silver remain under pressure as oil-driven inflation, Fed rate fears, and U.S. jobs data shape the next move in precious metals.

Spot gold prices are near steady and spot silver prices are lower after the close Tuesday, as a stronger U.S. dollar and firmer crude oil offset support from lower Treasury yields.

Gold markets moved away from session highs as traders focused on stronger dollar and rising Treasury yields.

Spot gold prices are firmer and spot silver prices are sharply higher in early U.S. trading Tuesday, as lower oil prices and easing Treasury-yield pressure supported metals while U.S.-Iran headlines kept the Strait of Hormuz risk premium alive.

The ongoing US-Iran ceasefire allowed gold and silver to focus on technical recoveries. Gold defended $4,534 support with bullish continuation while silver surged above $76.55.

The growing energy crisis due to the ongoing war in Iran is driving renewed interest in alternative energy, including solar power, which should provide some support for silver this year.

Tensions in the Middle East put pressure on gold markets.