Silver (XAG/USD) trades slightly lower on Thursday, hovering around $78.60 at the time of writing, down 0.49% on the day.

ING’s Warren Patterson and Ewa Manthey note that Oil prices are drifting lower as markets price in a possible extension of the US–Iran ceasefire and renewed peace talks, even as physical supply tightens due to disrupted flows through the Strait of Hormuz.

Gold (XAU/USD) trades with a mild upward bias on Thursday, though it remains confined within a multi-week range as traders refrain from placing strong directional bets while awaiting clearer signals on US-Iran peace talks.

Gold’s (XAU/USD) nurses minor gains in an “inside day” on Thursday, trading at around $4,820, with price action constrained within Wednesday’s ranges. Hopes of new peace talks between the US and Iran keep precious metals buoyed, but the XAU/USD pair is failing to break resistance at the $4,850 area.

Crude prices edge up on Thursday, but remain trading within the previous day’s range.

ING’s commodities team says Copper has climbed to around a one‑month high alongside broader industrial metals as markets price reduced macro risks and potential US–Iran talks.

Silver prices (XAG/USD) rose on Thursday, according to FXStreet data. Silver trades at $79.65 per troy ounce, up 0.83% from the $78.99 it cost on Wednesday.

Rabobank’s Global Strategist Michael Every argues that markets are treating the Iran conflict and Hormuz disruption as largely resolved, with Oil futures not fully reflecting physical supply risks.

Danske Research Team notes that Oil prices held around USD 95 per barrel as markets focused on prospects for a ceasefire between the US and Iran and a potential reopening of the Strait of Hormuz.

Silver price (XAG/USD) trades 2.2% higher to near $80.80 during the late Asian trading session on Thursday, aiming to recapture the four-week high of $81.00.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $88.20 during the early European trading hours on Thursday. The WTI price declines amid optimism over the ceasefire between the US and Iran.  

Gold prices rose in India on Thursday, according to data compiled by FXStreet.

Silver (XAG/USD) regains positive traction during the Asian session on Thursday and climbs to a fresh daily high, around the $80.50 area in the last hour, though it lacks follow-through.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on the previous day's goodish rebound from sub-$85.00 levels, or over a three-week low, and remains depressed for the third straight day on Thursday.

Israel's Security Cabinet convened to discuss a possible Lebanon ceasefire, a senior Israeli official said, over six weeks into a war with Hezbollah that spiralled out of the US-Israeli conflict with Iran, Reuters reported on Wednesday.

Gold price (XAU/USD) tumbles to around $4,800, snapping the two-day winning streak during the early Asian session on Thursday. The ongoing tensions in the Middle East created a safe-haven rush, but that momentum faded as oil prices surged.

Gold price retreats during the session, down nearly 1%, as risk appetite improves and flows rotate toward US equities, pushing the S&P 500 index past the 7,000 figure, poised to test the all-time high at around 7.014.

West Texas Intermediate (WTI) US Oil trades around $89.10 on Wednesday at the time of writing, remaining broadly stable on the day after earlier falling to a three-week low near $85.

United States EIA Crude Oil Stocks Change came in at -0.913M, below expectations (0.2M) in April 10

Gold (XAU/USD) retreats on Wednesday as the US Dollar (USD) shows signs of stabilization after seven consecutive days of losses, while evolving Middle East developments continue to shape broader market sentiment.

ING strategist Michiel Tukker stresses that current Oil volatility is feeding directly into rate expectations for the European Central Bank (ECB), Federal Reserve (Fed) and Bank of England (BoE).

Gold (XAU/USD) shows moderate losses on Wednesday, trimming gains following a two-day rally. The precious metal failed to find acceptance above the $4,850 resistance area on Wednesday and pulled back to session lows below $4,800, as the US Dollar Index bounced up amid mixed messages on Iran.

Brown Brothers Harriman's (BBH) Elias Haddad notes Brent crude Oil is consolidating around $96 per barrel after recent declines, with broader risk assets pausing their rally.

West Texas Intermediate (WTI), futures on NYMEX, recovers its early losses and turns positive around $90 during the European trading session on Wednesday.

Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data. Silver trades at $78.71 per troy ounce, down 0.68% from the $79.25 it cost on Tuesday.

Rabobank’s RaboResearch Global Economics & Markets team highlights that Oil prices have eased even as the IMF warns of a potential world recession if the Hormuz Strait remains closed.

Silver price (XAG/USD) struggles to extend recovery above $81.00 during the European trading session on Wednesday. The white metal ticks down as the US Dollar (USD) strives to gain ground after a seven-day losing streak.

Oil prices have bounced up during the Asian session, as the US military announced a total blockade of the Strait of Hormuz on Tuesday, increasing the chokehold on supply and putting the new round of talks with Iran into question.

Silver (XAG/USD) climbs to a nearly one-month peak during the Asian session on Wednesday, though it struggles to build on the momentum further beyond the $81.00 mark.

United States API Weekly Crude Oil Stock above expectations (-1.3M) in April 10: Actual (6.1M)