Silver Holds Near $72/oz as Fed Maintains Policy Unchanged Amid Iran Tensions

On Thursday, silver prices hovered around $72 per ounce, approaching a three-week low, as the Federal Reserve maintained its policy stance unchanged. Rising energy costs have intensified inflation concerns and reinforced market expectations that major central banks may need to raise rates. The prolonged Middle East conflict and near-closure of the Strait of Hormuz have disrupted global markets, prompting traders to reduce expectations for rate cuts this year and consider rate hikes in 2027 instead. Despite four dissenting officials, the Fed's decision reflected growing internal divisions on policy outlook amid escalating Iran tensions.
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