Silver Rebounds to $72.35 from $70.86 Low Despite Hawkish Fed Hold

Silver climbed 1.5% to near $72.35 in European trade after bouncing from a three-week low of $70.86, even as the Fed held rates at 3.50%-3.75% with a hawkish tilt slashing rate-cut odds, compounded by an oil rally from Iran supply fears. The metal endured wild swings over the period: rallying above $77 on US-Iran ceasefire hopes, surging near $79 on soft US inflation data, then plunging below $73 amid Hormuz blockades, dollar strength, and persistent inflation worries from oil near $100/bl. Trading below the 20-day EMA at $75.43 with RSI at 41, near-term bias remains bearish unless geopolitical de-escalation or dollar weakness emerges.