Gold and Silver Prices Climb Amid Renewed Hopes for US-Iran War Ceasefire Talks

Gold and Silver Prices See Modest Rebound Amid US-Iran War Tensions

Gold and silver prices experienced a modest rebound on Tuesday, April 14, as investors grew optimistic about a negotiated resolution to the US-Iran war, which could ease inflation concerns. The COMEX gold rate was up 0.65%, trading near $4,800 per ounce, recovering most of the 0.6% decline seen over the prior two sessions. Meanwhile, the COMEX silver rate surged nearly 1% to $76.49 per ounce during the Asian trading hours on Tuesday.

The US Navy's decision to initiate a naval blockade of the Strait of Hormuz has escalated tensions between the US and Iran. However, President Donald Trump's statement that Iranian officials had reached out to his administration expressing a willingness to work a deal has boosted investor confidence. Iranian President Masoud Pezeshkian also emphasized that Tehran remains open to continuing peace negotiations within the bounds of international law.

The decline in oil prices, which slipped to below $100 per barrel, has helped ease some inflationary pressures that have weighed on bullion since the conflict began over six weeks ago. This has prompted traders to anticipate that central banks may keep interest rates elevated for longer, or even raise them further, which is a negative factor for non-yielding assets like gold.

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Comparison of Gold and Silver Prices

Despite the modest rebound, gold and silver prices remain volatile due to the fragile ceasefire, rising inflation, and mixed ETF flows. According to Renisha Chainani, Head - Research at Augmont, both precious metals continue to remain volatile and are likely to face resistance at higher levels.

Gold Price Outlook

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Renisha Chainani believes that Gold has resistance zone around $4800-4850 (~ ₹154,000 - 155,000), if prices sustain above this level, it can tend higher towards $5000 (~ ₹160,000), while $4600 (~ ₹148500) is the strong support.

Silver Price Outlook

Renisha Chainani also added that Silver has resistance around $77 (~ ₹246,000), if prices sustain above this level, it can touch levels of $82 (~ ₹255,000) and $87 (~ ₹265,000).

Ponmudi R, CEO of Enrich Money, believes that COMEX Gold is trading within the $4,700–$4,750 range, holding above key moving averages but with limited upside momentum and a cautious undertone. He also emphasized that the structure remains weak, with downside risks prevailing, while any recovery is likely to face resistance at higher levels.

Technical Outlook for Silver Prices

Ponmudi R added that COMEX silver is trading below the $75 level, reflecting a weak undertone with price action lacking conviction despite limited support from industrial demand. He also emphasized that failure to reclaim $75 may keep selling pressure intact, while a decisive break below $72 could accelerate the decline toward $70–$68.