Silver Holds Decline as US Strikes Iran

2026-07-08 00:17 By Jam Kaimo Samonte 1 min. read

Silver held below $60 an ounce on Wednesday after dropping more than 3% in the previous session, as the US military launched fresh air strikes on Iran following recent attacks on ships transiting the Strait of Hormuz.

The renewed escalation threatened the interim US-Iran peace deal and drove oil prices higher, stoking inflation fears and raising prospects for interest rate hikes.

The US also revoked a waiver allowing Iran to sell crude on global markets, while the latest hostilities discouraged shipowners and regional producers from using Hormuz, raising the risk of renewed disruptions to global energy supplies.

Meanwhile, investors awaited the minutes of the Federal Reserve’s June meeting for further clues on the policy outlook.

Silver had recently rebounded after softer-than-expected US jobs data prompted markets to scale back expectations for near-term Fed rate increases, though the renewed Middle East tensions kept the outlook uncertain.



News Stream
Silver Holds Decline as US Strikes Iran
Silver held below $60 an ounce on Wednesday after dropping more than 3% in the previous session, as the US military launched fresh air strikes on Iran following recent attacks on ships transiting the Strait of Hormuz. The renewed escalation threatened the interim US-Iran peace deal and drove oil prices higher, stoking inflation fears and raising prospects for interest rate hikes. The US also revoked a waiver allowing Iran to sell crude on global markets, while the latest hostilities discouraged shipowners and regional producers from using Hormuz, raising the risk of renewed disruptions to global energy supplies. Meanwhile, investors awaited the minutes of the Federal Reserve’s June meeting for further clues on the policy outlook. Silver had recently rebounded after softer-than-expected US jobs data prompted markets to scale back expectations for near-term Fed rate increases, though the renewed Middle East tensions kept the outlook uncertain.
2026-07-08
Silver Slips Amid Middle East Tensions and Fed Policy Uncertainty
Silver declined to $61.2 per ounce on Tuesday as investors assessed rising Middle East hostilities and awaited the Federal Reserve’s June meeting minutes for monetary policy signals. The metal had reached a two-week high on Monday following a softer-than-expected US jobs report, which prompted markets to reduce expectations for near-term interest rate hikes. However, persistent inflation concerns suggest the Fed may maintain a "higher for longer" approach, with traders pricing in a 60% chance of a September rate hike. Meanwhile, oil prices edged higher after two tankers were struck in the Strait of Hormuz, and Iran stated it would halt peace talks unless US President Trump ceased his repeated threats to restart the war.
2026-07-07
Silver Eases Ahead of FOMC Minutes
Silver slipped below $62 an ounce on Tuesday, but held most of last week's gains as investors awaited the minutes of the Federal Reserve’s June meeting for fresh clues on the outlook for interest rates. Data released last week showed US job growth slowed sharply in June, while payroll figures for the previous two months were revised lower, leading markets to scale back expectations of a near-term rate hike. Traders are now pricing in roughly a 50% chance of a Fed rate increase in September, down from about two-thirds before the latest employment report. The metal also drew support from lower oil prices as traffic through the key Strait of Hormuz continued to recover following the implementation of the interim US-Iran peace agreement. Meanwhile, Middle Eastern producers ramped up output and cut prices in response to changing market conditions, while OPEC+ agreed to increase production quotas for next month.
2026-07-07