Silver Rises Over 120% YTD 
Gold prices rose slightly on Tuesday as the U.S. dollar weakened, making the metal more attractive to international buyers. Traders are increasingly betting on lower interest rates, with markets seeing a strong chance of a Fed rate cut in September. All eyes are now on Fed Chair Jerome Powell’s speech at the Jackson Hole symposium later this week, which could provide important clues about the Fed’s next move. Analysts note that gold has been trading in a tight range recently, pulled by global events such as peace talks in Ukraine and signs of weakness in the U.S. labor market. Despite this short-term back-and-forth, many expect longer-term risks to support higher gold prices. Elsewhere in precious metals, silver dipped, platinum gained, and palladium slipped.
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Why Silver Hit $82 Today: Iran, Oil, and the Fed
Silver hit $82 today — not because of silver news, but because a reported US-Iran peace deal sent oil lower, eased inflation expectations, and reopened the Fed’s path to rate cuts. Here’s the full mechanism behind the move.
May 7, 2026
