The iShares Silver Trust (SLV) rose Friday as silver prices rebounded toward $80 per ounce. Premarket trading for SLV indicated gains between 0.4% and 3.4%.
A 10-day ceasefire between Israel and Lebanon eased inflation fears and weakened the U.S. dollar. This currency decline made the dollar-denominated commodity more attractive to international investors. Rising hopes for a nuclear deal with Iran also supported the rally.
Market forecasts indicate a silver supply deficit in 2026. This would mark the sixth consecutive annual deficit for the metal. Analysts expect strong investment demand for physical silver coins and bars to continue.