The silver market has been following the Iran war since the day it started in late February. When oil spikes on escalation, mine operating costs rise and inflationary pressure pushes the Fed to hold rates, which is bad for silver. When peace signals emerge, oil falls, costs ease and rate-cut expectations return, which is good for silver. On Wednesday, silver climbed above $76 after Trump said a US-Iran deal was in its "final stages," with oil falling more than 5% on the same news. WTI dropped below $100 after Trump's comments. Adding to the market reaction, ship tracking data showed a South Korean ... (full story)