S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market- Silver struggles as a stronger US Dollar, driven by safe-haven demand, makes the white metal more expensive for foreign buyers.
- The white metal stays pressured as hawkish 2026 central bank expectations rise amid higher energy prices and inflation fears.
- Trump gave no clarity on reopening Hormuz, warning of intensified military action over the next two to three weeks.
Silver price (XAG/USD) remains in the negative territory after experiencing volatility, trading around $73.10 during the Asian hours on Friday. The dollar-denominated Silver comes under pressure as a stronger US Dollar (USD), driven by safe-haven demand, makes the white metal costlier for foreign buyers. Trading activity may remain subdued due to the Good Friday holiday.
Non-interest-bearing Silver remains under pressure as hawkish central bank expectations for 2026 intensify. Rising energy prices tied to Middle East tensions reinforce inflation concerns, supporting tighter policy outlooks and reducing the appeal of precious metals that offer no yield.
US President Donald Trump offered no clarity on steps toward reopening the Strait of Hormuz, warning of intensified military action over the next two to three weeks and issuing strong threats against Iran. Iran’s Foreign Minister Abbas Araghchi responded that recent US strikes on civilian infrastructure would not force a retreat, describing them instead as evidence of an opponent in disarray and moral decline.
Chicago Fed President Austan Goolsbee expressed concern on Thursday over rising oil prices, noting they could complicate efforts to curb inflation, particularly if gasoline costs surge and lift inflation expectations.
Meanwhile, Lorie Logan, President of the Federal Reserve (Fed) Bank of Dallas, supported the Federal Reserve holding rates steady at the latest FOMC meeting, noting the labor market has stabilized since late 2025, though payroll growth remains weak and “uncomfortable.”
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