The iShares Silver Trust (SLV) climbed more than 4.8% on April 14, 2026. The price reached approximately $71.60 following the collapse of peace talks between the U.S. and Iran. This geopolitical shift triggered a U.S. naval blockade of the Strait of Hormuz.
Market analysts initially offered conflicting interpretations of the price action. Some reports attributed the rally to safe-haven demand as investors sought protection from escalating global instability. Other analyses predicted a price decline, citing a strengthening U.S. dollar and potential hawkish Federal Reserve policies driven by rising oil prices.
Actual trading data confirmed a strong positive move for the ETF. Safe-haven sentiment dominated the market, resulting in significant inflows to SLV despite the mixed economic outlook.