Silver Falls for Second Consecutive Session

Silver prices fell below $36.50 per ounce on Thursday, sliding for the second straight session as investors navigated escalating tensions in the Middle East. Market anxiety intensified after reports indicated US officials are preparing for a potential strike on Iran, amplifying concerns of broader regional instability. Meanwhile, the US Federal Reserve left interest rates unchanged and maintained a cautious policy stance, warning that President Trump’s tariffs could stoke inflation and complicate the economic outlook. Silver surged to its highest level since 2012 earlier this week, supported by a combination of safe-haven inflows, resilient industrial demand, and deepening supply deficits. The metal’s expanding role in solar energy, electronics, and electrification now accounts for more than half of global demand, underscoring its growing structural importance. On the supply side, the market remains tight, facing its fifth consecutive annual deficit.