Global Silver Price Rockets to $89 as Trump Declares Iran Conflict Nearing End

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Silver Rockets to $89 as Trump Declares Iran Conflict 'Ending Soon'

Silver MCX, Silver Price Today

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CNBC Awaaz•10-03-2026, 08:28

Silver Rockets to $89 as Trump Declares Iran Conflict 'Ending Soon'

•Global silver prices surged to $89 per ounce, recovering significantly from below $80.
•The rally is driven by a weakening US dollar and reduced geopolitical tensions.
•US President Trump announced the Iran military operation would conclude rapidly, hinting at lifting oil sanctions.
•Trump's statements eased de-escalation fears, reducing safe-haven demand and causing crude oil to fall 30%.
•Future silver prices are sensitive to US inflation data, which could impact dollar strength.

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