The price of silver has found a level of stability near $80 after experiencing recent downward trends. Focus on the next stage of discussions between the United States and Iran. The closure of the Strait of Hormuz is anticipated to persist until a consensus is achieved. The recent energy shock has intensified worries about inflationary pressures and the likelihood of forthcoming interest rate hikes. The price of silver has experienced a decline of approximately 15% since the beginning of the conflict in Iran.

On Tuesday, silver hovered around $80 per ounce after recent downturns, with market participants closely observing the developments in US-Iran negotiations amid the approaching expiration of the ceasefire. Geopolitical tensions continue to be a significant concern, as the closure of the Strait of Hormuz is expected to persist until a formal agreement is reached.

The ongoing conflict has triggered a notable disruption in energy supplies, leading to increased inflationary pressures and raising expectations for interest rate hikes by central banks. This scenario typically applies downward pressure on non-yielding assets like silver. Given these factors, silver has undergone a correction of approximately 15% since the beginning of the Iran war, reflecting ongoing downward pressure.