Silver's Crisis Rally Fails as Dollar Absorbs Safe-Haven Flows
Silver has declined during two Strait of Hormuz closures this year, as the US dollar attracted safe-haven bids instead of the metal.
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Silver is missing its traditional crisis bid. The Strait of Hormuz has been closed twice in 2025, yet each time silver fell instead of rallying.
The safe-haven flows went into the US dollar rather than into precious metals. This pattern highlights the dollar's continued dominance as the primary crisis hedge, even amid geopolitical turmoil that would normally boost silver.
Market participants expecting silver to benefit from war risk have been disappointed as the dollar strengthened on each closure.
Source: FXStreet Forex News