Bob Iaccino breaks down the recent performance of May Silver futures as the contract tests its 50-day moving average. Silver futures have posted higher lows in 13 of the last 19 trading days, pushing against key resistance levels. Iaccino also discusses the impact of a two-week U.S.-Iran ceasefire, which has eased energy-driven inflation fears and shifted market expectations toward an unchanged Federal Reserve through year-end. Finally, he highlights the elevated historical volatility in silver, running near 38% in April, reminding traders of the ongoing headline risks tied to geopolitical developments and central bank policy.