Silver remained above $88 per ounce on Wednesday after rising for three consecutive sessions, underpinned by concerns that the Middle East conflict remains highly volatile. The US-Israeli campaign against Iran entered its 12th day, with the Pentagon reporting its most intense strikes yet and vowing to continue operations until the Islamic Republic is defeated. This contrasted with President Donald Trump’s suggestion that the conflict could end soon. Meanwhile, oil prices were capped by reports that the IEA proposed the largest release of oil reserves in its history to help stabilize markets. Nonetheless, major Middle Eastern producers have sharply cut output as the Strait of Hormuz remains effectively closed. Investors now turn to a key US inflation reading that could shed light on recent price trends, though it is not yet expected to reflect the impact of the Iran war.
