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Silver Trades Near $53.70 After Early Rise Fades in Asian Hours

FXStreet linked the retreat to easing safe-haven demand after U.S. President Donald Trump ruled out a strike on Iran for Sunday. The Fed meets Oct. 27-28.

Updated 2 min read
A silver bar rests on a digital scale at a bullion counter in Singapore / TokenPost.ai
A silver bar rests on a digital scale at a bullion counter in Singapore / TokenPost.ai

Silver traded near $53.70 per troy ounce in Asian hours on Oct. 26 after an early advance faded, as FXStreet linked the retreat to easing demand for assets seen as safe havens.

FXStreet published its report at 9:55 p.m. ET Oct. 25 (01:55 UTC Oct. 26). ExchangeRates.org.uk displayed $53.6855 per troy ounce at 10:22 p.m. ET Oct. 25 (02:22 UTC Oct. 26). Its live page says prices update every 60 seconds, making the figure a time-stamped snapshot.

An earlier EconoTimes comparison of three services’ Oct. 23 silver readings found prices ranging from $53.80 to $54.0630 per ounce. The current readings also came from separate providers at different times.

Asked Sunday about a possible attack on Iran, U.S. President Donald Trump said, “No. There will not be a strike today.” His remark referred to Oct. 25 and did not address what might happen after that date.

Separately, Saudi Press Agency (SPA) said coalition air defenses intercepted a ballistic missile headed toward Riyadh on Oct. 25. Saudi Civil Defense said debris from two intercepted missiles injured two people and damaged three residential buildings and seven vehicles in Khamis Mushait and Ahad Rafidah.

The Silver Institute’s 2026 survey says oil-related inflation, dollar strength and lower expectations for Fed easing later weighed on silver during the Iran war; earlier in the conflict, demand for the metal had risen as a perceived refuge.

The Federal Reserve calendar lists a two-day Federal Open Market Committee meeting for Oct. 27-28.

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