# With a 78% probability of a Fed rate hike in December, how far can this rebound in silver prices go?

> 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.

- Date: 2026-11-09 · published 2026-11-09T06:16:59.803Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/88871-with-a-78-probability-of-a-fed-rate-hike-in-december-how-far-can-this-rebound
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

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.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-06-01 | [Why South Africa is becoming one of Africa's most watched forex stories as the rand rebounds on US Iran peace deal hopes](https://feedsoft.ai/events/19549-why-south-africa-is-becoming-one-of-africa-s-most-watched-forex-stories-as-the.md) | +1.7% | -21.8% |
| WTI | 2026-03-10 | [Oil and gas prices fall after Trump says war is 'very complete' - BBC News](https://feedsoft.ai/events/9387-oil-and-gas-prices-fall-after-trump-says-war-is-very-complete-bbc-news.md) | -1.3% | +20.4% |
| WTI | 2026-04-01 | [Grain, Oilseed Prices Fall as Traders Look for End to Iran War - Bloomberg](https://feedsoft.ai/events/19762-grain-oilseed-prices-fall-as-traders-look-for-end-to-iran-war-bloomberg.md) | -6.6% | +6.7% |
| WTI | 2020-03-16 | [Chart of the Month \| A Price War Erupts in the Oil Market](https://feedsoft.ai/events/7664-chart-of-the-month-a-price-war-erupts-in-the-oil-market.md) | -35.6% | -29.5% |
| WTI | 2026-04-17 | [Oil prices: Oil tumbles more than 10% as Iran declares Strait of Hormuz open](https://feedsoft.ai/events/8808-oil-prices-oil-tumbles-more-than-10-as-iran-declares-strait-of-hormuz-open.md) | +2.3% | +7.9% |
| BRENT | 2026-03-10 | [Oil and gas prices fall after Trump says war is 'very complete' - BBC News](https://feedsoft.ai/events/9387-oil-and-gas-prices-fall-after-trump-says-war-is-very-complete-bbc-news.md) | +4.1% | +27.2% |
| BRENT | 2026-04-01 | [Grain, Oilseed Prices Fall as Traders Look for End to Iran War - Bloomberg](https://feedsoft.ai/events/19762-grain-oilseed-prices-fall-as-traders-look-for-end-to-iran-war-bloomberg.md) | -12.2% | -1.1% |
| BRENT | 2026-05-06 | [Oil and gas prices fall sharply, driven by hopes of strait of Hormuz reopening – as it happened \| Business \| The Guardian](https://feedsoft.ai/events/9584-oil-and-gas-prices-fall-sharply-driven-by-hopes-of-strait-of-hormuz-reopening.md) | -2.3% | -11.1% |

## Sources

- fxbus.com: https://www.fxbus.com/en/news/20261109121531995039.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.