Gold Silver Rates Today (April 15) Rally Stays As Oil Prices Crash; 3 Reasons Why Gold & Silver Prices Are Up?

Gold rates and silver rates globally continued to witness sharp buying momentum on April 15, with the spot gold price reaching near $4,850 per ounce. Meanwhile, the silver rate has climbed near $81 per ounce. There are three reasons as to why gold and silver prices are seeing a strong uptrend. Firstly, it is the hope of a renegotiation between US and Iran which eases fear of energy-led inflationary pressure. Second is the massive crash in oil prices, which has reached near $90 per barrel. And third would be the US dollar, which has reached a near six-week low.

Gold Rate Today (April 15)

Spot gold gained by 0.21% to trade around $4,852.01 per ounce, at the time of writing. But in the early trade of April 15, COMEX has touched $4,871.51 per ounce intraday high. Gold has recovered significant losses that appeared due to US-Israel war with Iran since February 28, 2026.

Now, COMEX month-on-month performance is down by 3.2%, compared to its March 2026 performance where it was down by 13% to 15%.

Silver Rate Today (April 15)

Spot silver has already recovered all its losses and outperformed gold due to strong rally since yesterday. In the previous session, spot silver was up by more than 5%.

In the early trade of April 15, spot silver touched an intraday high of $81.0215 per ounce. And currently, this precious metal is trading at $80.8675 per ounce, which is up by 1.6%.

Silver's month-on-month performance is now up by nearly 6%. In March alone, silver dropped by 15-20% due to the Middle East war.

What Is Impacting Gold Prices & Silver Prices Today?

The first reason is the hope of a peaceful talk between US and Iran despite the blockade by US Navy at the Strait of Hormuz. As the two-weeks truce plan is nearing, US and Iran are reportedly schedule for second round of peace talks in the coming days. Last week, US Vice President JD Vance and his team visited Islamabad to meet Iran negotiators, however, they could not arrive at an agreement.

US President Donald Trump revealed that the first round of talks were peaceful but Iran still did not agree to give up on their nuclear weapon dreams, which is why, the last week's negotiations failed.

The US is continuing its naval blockade of Iranian oil exports in the Strait of Hormuz, while Iran is considering a temporary suspension of shipments through the route to help advance a potential agreement, as per Trading Economics data.

On hopes of agreement in second round of talks, the fear of energy crisis and inflationary has eased, which supports precious metals. The data added that markets have also dialed back hawkish expectations for monetary policy, with the Federal Reserve adopting a wait-and-see stance as it evaluates inflation risks.

The second reason is US crude oil prices which has crashed towards $90 per barrel. Currently, US WTI and Brent Crude is trading around $90.5 per barrel and $94.5 per barrel respectively.

According to Gaurav Garg, research analyst at Lemonn markets desk, despite the recent collapse of US-Iran peace talks, which initially spurred a rise in oil prices, investors seem to have priced in much of the geopolitical risks, leading to a more stable outlook for precious metals.

Finally, the US dollar has touched a six-week low due to possibility of diplomatic solution between US and Iran. It is currently around $98. US dollar has nearly wiped out its gains from when the war exploded on February 28.

As of now, US Federal Reserve is expected to keep rates unchanged for the entire year, while rate cuts are now expected in 2027, depending on oil prices and inflation.

The analyst added, this divergence in commodity performance suggests that while gold and silver may be seen as safe havens amidst uncertainty, crude oil is more sensitive to immediate geopolitical developments.

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