
- Silver advances as Friday’s interim US-Iran peace agreement in Switzerland is expected to restore global oil flows.
- US Vice President JD Vance stated that President Trump may release the preliminary US-Iran peace agreement ahead of schedule.
- The Fed is widely expected to hold its benchmark interest rate unchanged at 3.50% to 3.75%.
Silver price (XAG/USD) continues its winning streak for the fifth consecutive day, trading around $70.40 per troy ounce during the Asian hours on Wednesday. The non-yielding metal gains ground as investors anticipate the signing of an interim United States (US)-Iran peace agreement this Friday in Switzerland.
The US-Iran pact is expected to immediately restore Iranian oil exports and secure safe passage for international tankers through the strategic Strait of Hormuz, helping to ease global anxieties surrounding energy-driven inflation and interest rates.
Diplomatic momentum has accelerated rapidly ahead of the signing. US Vice President JD Vance indicated on Tuesday that President Donald Trump might release a preliminary peace framework ahead of schedule, following the president’s earlier comments that a framework had already been agreed upon. Simultaneously, Iranian Foreign Minister Seyed Abbas Araghchi confirmed that a new round of negotiations aimed at securing a final, comprehensive peace deal is set to begin in Switzerland.
Meanwhile, global market attention is shifting heavily toward Wednesday’s pivotal Federal Reserve (Fed) policy meeting. The US central bank is widely expected to maintain a cautious “wait-and-see” approach, keeping its benchmark interest rate unchanged within the 3.50%-3.75% range. Investors and traders will be closely monitoring the subsequent press conference, seeking crucial insights into how newly appointed Fed Chair Kevin Warsh intends to guide monetary policy into this next era.
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