Silver Prices Shine Over the Week, Surging Up to 4%

Jakarta, CNBC Indonesia - Global silver prices closed the week with a brilliant performance. In Friday’s trading (10/4/2026), silver prices stood at US$75.88 per ounce, up from US$72.99 on 2 April. This means that over the week, this precious metal strengthened by almost 4%, while continuing its third consecutive weekly upward trend.

The price movement shows a consistent recovery. After dipping to the US$72.79 area on 6 April, silver gradually rebounded to US$72.93, then US$74.12, US$75.07, and finally reaching US$75.88. This indicates strengthening buying interest following a brief correction phase at the start of the month.

In the commodities world, silver is often used as a hedge asset as well as an industrial metal. When the US dollar weakens, silver prices become cheaper for global buyers. At the same time, the prospect of falling interest rates makes non-yielding assets like gold and silver attractive again to investors.

Market sentiment is also supported by the temporary easing of geopolitical tensions, following a two-week ceasefire between the United States and Iran. That situation triggered a sharp drop in oil prices, so concerns about energy-based inflation are beginning to subside. As inflationary pressures ease, there is more room for central banks to cut rates—and that is good news for silver.

However, the market is not entirely calm. Israel’s attacks on Lebanon and disruptions in the Strait of Hormuz serve as reminders that geopolitical risks remain high. This means that this week’s silver rally is not just about interest rates, but also about a still restless world.

From an economic data perspective, the latest US inflation was recorded at 3.3% annually, the highest since May 2024. On a monthly basis, inflation surged 0.9%, the fastest rise since mid-2022. Nevertheless, market participants still assess there is about a 30% chance that the Federal Reserve will cut interest rates by at least 25 basis points in December.