Silver Holds Gains on Iran Deal Prospects

2026-06-11 23:54 By Jam Kaimo Samonte 1 min. read

Silver traded near $67 an ounce on Friday after rebounding more than 6% in the previous session, as growing optimism over an imminent peace deal between the US and Iran eased concerns about persistent inflation and potential interest rate hikes.

President Donald Trump said a deal with Iran could be reached as early as this weekend after postponing planned attacks and warning that the US could target the country's oil infrastructure.

Iran's semi-official Fars news agency also reported that Tehran was likely to accept the agreement, although no final text has been approved.

Meanwhile, the ECB raised interest rates on Thursday for the first time since 2023 and lifted its inflation forecasts for 2026 and 2027.

Data also showed US producer prices climbed 6.5% year-on-year in May, highlighting the inflationary effects of the Middle East energy shock and reinforcing expectations of a Federal Reserve rate increase this year.



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Silver Holds Gains on Iran Deal Prospects
Silver traded near $67 an ounce on Friday after rebounding more than 6% in the previous session, as growing optimism over an imminent peace deal between the US and Iran eased concerns about persistent inflation and potential interest rate hikes. President Donald Trump said a deal with Iran could be reached as early as this weekend after postponing planned attacks and warning that the US could target the country's oil infrastructure. Iran's semi-official Fars news agency also reported that Tehran was likely to accept the agreement, although no final text has been approved. Meanwhile, the ECB raised interest rates on Thursday for the first time since 2023 and lifted its inflation forecasts for 2026 and 2027. Data also showed US producer prices climbed 6.5% year-on-year in May, highlighting the inflationary effects of the Middle East energy shock and reinforcing expectations of a Federal Reserve rate increase this year.
2026-06-11
Silver is up by 5.01%
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Silver Trims Gains as US Producer Inflation Surges
Silver retreated to $63 per ounce on Thursday, its lowest level since December 2025, as investors digested new US producer price data, the European Central Bank’s interest rate increase, and worsening Middle East tensions. US producer prices climbed 6.5% year-over-year in May, the sharpest rise since November 2022 and exceeding expectations of 6.4%, reflecting the deepening impact of the Strait of Hormuz closure on energy costs. With consumer inflation also at a three-year peak, the latest data reinforces expectations that the Federal Reserve may raise interest rates in 2026. At the same time, the ECB implemented its first rate hike since 2023 and raised its inflation projections for 2026 and 2027. Geopolitical concerns deepened as US President Trump pledged additional strikes against Iran and threatened to seize control of its critical energy infrastructure, including Kharg Island.
2026-06-11