Silver held above $75 an ounce on Monday after rising for two straight session, as investors assessed President Donald Trump’s plan to escort ships through the Strait of Hormuz alongside signs of progress in US–Iran peace talks. The initiative is designed to help civilian vessels flagged in non-aligned countries exit the contested waterway and resume operations. At the same time, Iran said it is reviewing Washington’s response to its latest 14-point proposal, boosting optimism for a diplomatic resolution to the conflict. Now in its tenth week, the Middle East war has driven energy prices sharply higher and heightened inflation risks, stoking concerns that central banks may keep interest rates elevated for longer or even tighten further. Silver remains down nearly 20% since the conflict began, but is finding support from signs of progress in efforts to end the Middle East conflict.