Silver Extends Fall on Mideast Hostilities

2026-06-09 23:45 By Jam Kaimo Samonte 1 min. read

Silver dropped toward $64 an ounce on Wednesday, falling to its lowest level since March 23 after the US launched new strikes against Iran following the downing of an American helicopter, driving oil prices higher and fueling inflation concerns.

The latest escalation has cast doubt on the durability of a fragile ceasefire and the prospects for a broader peace agreement, while extending the near-complete closure of the Strait of Hormuz.

Rising energy costs linked to the conflict have heightened fears of persistent inflation and the possibility of further central bank tightening, weighing on non-yielding precious metals.

Meanwhile, investors looked ahead to the release of US inflation figures for fresh clues on the Federal Reserve’s policy path.

Stronger-than-expected US employment data also strengthened expectations that the Fed could raise interest rates before the end of the year.



News Stream
Silver Extends Fall on Mideast Hostilities
Silver dropped toward $64 an ounce on Wednesday, falling to its lowest level since March 23 after the US launched new strikes against Iran following the downing of an American helicopter, driving oil prices higher and fueling inflation concerns. The latest escalation has cast doubt on the durability of a fragile ceasefire and the prospects for a broader peace agreement, while extending the near-complete closure of the Strait of Hormuz. Rising energy costs linked to the conflict have heightened fears of persistent inflation and the possibility of further central bank tightening, weighing on non-yielding precious metals. Meanwhile, investors looked ahead to the release of US inflation figures for fresh clues on the Federal Reserve’s policy path. Stronger-than-expected US employment data also strengthened expectations that the Fed could raise interest rates before the end of the year.
2026-06-09
Silver Plunges as Investors Await US Inflation
Silver prices tumbled to $66 per ounce on Tuesday, retracing to levels last seen in December 2025, as investors turned their attention to the upcoming US inflation report. The report, due Wednesday, is expected to show inflation climbing to 4.2% in May, its highest in nearly three years, fueled by soaring energy prices. The inflation outlook follows last week’s stronger-than-expected US jobs data, which revealed 172,000 jobs added in May, surpassing forecasts. This has led investors to ramp up bets on Federal Reserve rate hikes this year, with traders now pricing in a 70% chance of a December increase. Meanwhile, signs of a potential Middle East deal emerged after Iran and Israel halted attacks following a US appeal, pushing oil prices lower and temporarily easing inflation concerns, though uncertainty lingers.
2026-06-09
Silver Finds Support on Ceasefire Optimism
Silver rose above $68 an ounce on Tuesday after Iran and Israel agreed to halt attacks against each other, alleviating fears of a wider escalation that raises energy-driven inflationary risks. President Donald Trump also said both sides were seeking an immediate ceasefire and that final negotiations were moving forward. Still, silver remained near its lowest level since late March as the dollar and Treasury yields rallied following stronger-than-expected US jobs data, reinforcing expectations that the Federal Reserve could raise interest rates by year-end. Markets are now pricing in roughly a 70% chance of a quarter-point rate increase in December. Investors are also awaiting US CPI and PPI data later this week for fresh signals on the Fed’s policy outlook.
2026-06-09