TradingKey - Tensions between the US and Iran showed clear signs of easing on Wednesday (May 20), leading to a plunge in the crude oil market while gold ( XAUUSD) continued its rally.WTI crude oil dai

Silver (XAG/USD) is seen building on the previous day's bounce from the vicinity of a nearly two-week low, around the $73.00 neighborhood, and gaining positive traction for the second straight day on Thursday.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – steadies following the previous day's downfall of nearly 5% amid mixed signals over a potential US-Iran peace deal.

US President Donald Trump said that negotiations with Iran were in the final stages, Bloomberg reported on Wednesday. However, Trump also reiterated a pledge to restart attacks in the coming days if Iran doesn’t agree to his terms.

Silver price advances during the North American session as it forms a ‘bullish harami’ candle chart pattern, an indication that further upside is seen in the short term. At the time of writing, the XAG/USD trades at $75.85, up more than 3%.

Gold (XAU/USD) finds bids and edges higher during the North American session on Wednesday after the Federal Reserve’s (Fed) last meeting minutes showed that most officials favored laying the groundwork for a rate hike. At the time of writing, the XAU/USD pair trades at $4,530, up by 1%.

West Texas Intermediate (WTI) crude Oil plunges more than 5% on Wednesday, snapping a four-day winning streak as traders react to fresh geopolitical headlines that raised hopes for a potential agreement to end the US-Iran war and reopen the Strait of Hormuz.

A Bloomberg article revealed that US crude stockpiles plunged, as Oil exports began to empty domestic supply inventories.

Silver (XAG/USD) rises on Wednesday and trades around $76.00 at the time of writing, up 3.11% on the day, as investors return to precious metals following a pullback in US Treasury yields.

United States EIA Crude Oil Stocks Change below forecasts (-2.9M) in May 15: Actual (-7.864M)

Gold (XAU/USD) holds firm on Wednesday after falling 1.85% the previous day, as a pause in the global bond sell-off helps reduce upward pressure on Treasury yields and offers some support to the non-yielding metal.

Crude Oil prices ease from recent highs on Wednesday but remain above the key $100 level, with the US benchmark West Texas Intermediate (WTI) consolidating gains above $102.00 at the time of writing, as tensions between the US and Iran grow.

Gold (XAU/USD) consolidates losses at nearly seven-week lows below $4,500 on Wednesday, trading at $4,478 at the time of writing, as the US Dollar Index (DXY) tests six-week highs at the 99.45 area.

Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data. Silver trades at $75.29 per troy ounce, up 2.15% from the $73.70 it cost on Tuesday.

Societe Generale analysts observe that Gold has been under pressure since losing its 50‑DMA in March and failing to reclaim it on rebounds.

TradingKey - With navigation through the Strait of Hormuz yet to resume, energy-focused research firm HFI Research has warned of a potential major turning point in the market landscape by June. The fi

Deutsche Bank analysts report Brent Oil trading above $110 per barrel as the Strait of Hormuz remains constrained, sustaining a tight link between Oil and global yields.

Silver price (XAG) trades 2% higher to near $75.20 during the European trading session on Wednesday. The white metal recovers from its almost two-week low of $73.10 posted the previous day.

West Texas Intermediate (WTI), futures on NYMEX, trade almost 1.5% lower to near $101.80 during the European trading session on Wednesday.

Gold prices fell in India on Wednesday, according to data compiled by FXStreet.

Gold (XAU/USD) drops to a fresh low since March 30 following an Asian session uptick to levels just above the $4,500 mark on Wednesday, and seems vulnerable to a further decline amid a bullish US Dollar (USD).

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $103.20 during the Asian trading hours on Wednesday. The WTI price trades with mild losses as traders weigh mixed signals from US President Donald Trump on whether the United States (US) will resume the Iran war. 

Silver (XAG/USD) attracts fresh sellers following a modest Asian session uptick to the $75.00 neighborhood and retreats to the lower end of the daily range in the last hour.

US President Donald Trump threatened to resume attacks on Iran in “two or three days” as part of the push for a deal to end the war, after he said he had just called off a US attack, Bloomberg reported on Tuesday.

The Crude Oil market spent Tuesday teaching the headline writers a lesson.

United States API Weekly Crude Oil Stock registered at -9.1M, below expectations (-3.4M) in May 15

Silver (XAG/USD) remains under pressure on Tuesday as a stronger US Dollar and rising US Treasury yields continue to weigh on the precious metal amid growing expectations that the Federal Reserve (Fed) may need to raise interest rates to tackle rising Oil-driven inflation pressures.

Gold (XAU/USD) price falls over 1.3% on Tuesday as the Greenback posts solid gains underpinned by US Treasury yields, with the 10-year note yield near a 16-month peak. At the time of writing, XAU/USD trades at $4,506 after reaching a high of $4,589.

West Texas Intermediate (WTI) trades around $103.20 at the time of writing on Tuesday, up 1.16% on the day and extending its advance for a fourth consecutive day.

Rabobank’s energy team sees the UAE’s departure from OPEC (Organization of Petroleum Exporting Countries) as a potential catalyst for further cartel erosion and structurally lower Oil prices.