Spot silver rose more than 2% to around $53 an ounce in Asian trading, supported by expectations that falling oil prices would ease inflation pressure. Oil declined after President Trump said further strikes on Iran were highly unlikely if nuclear negotiations progressed and the Strait of Hormuz remained open.
Reduced perceived risk to Gulf oil flows can ease the crude supply premium and weigh on oil prices. The article describes no direct feed-commodity supply or demand change.
After 255 past bearish geopolitics events, Crude Oil (WTI) moved a median -2.4% over 5 sessions (31% higher; middle half -7.0% to +1.7%), and -5.0% over 20.
After 250 past bearish geopolitics events, Crude Oil (Brent) moved a median -3.1% over 5 sessions (36% higher; middle half -7.9% to +1.6%), and -5.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.