Silver Pressured by Middle East Tensions

2026-07-09 00:04 By Jam Kaimo Samonte 1 min. read

Silver held below $59 an ounce on Thursday after declining for a second consecutive session, pressured by concerns that the renewed conflict in the Middle East could disrupt energy supplies from the region and intensify inflationary pressures.

The US military confirmed it carried out strikes on Iran for a second straight day in an effort to curb Tehran’s ability to threaten navigation through the Strait of Hormuz, while Iran vowed a large-scale retaliatory operation against US military bases in the region.

President Donald Trump said that, in his view, the ceasefire is over and warned of additional strikes on Iran along with a new blockade.

Meanwhile, minutes from the Federal Reserve’s June meeting showed that only a few policymakers favored a rate increase, though officials expressed growing concern about inflation.

Markets continue to price in at least one Fed rate hike by the end of 2026.



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Silver Pressured by Middle East Tensions
Silver held below $59 an ounce on Thursday after declining for a second consecutive session, pressured by concerns that the renewed conflict in the Middle East could disrupt energy supplies from the region and intensify inflationary pressures. The US military confirmed it carried out strikes on Iran for a second straight day in an effort to curb Tehran’s ability to threaten navigation through the Strait of Hormuz, while Iran vowed a large-scale retaliatory operation against US military bases in the region. President Donald Trump said that, in his view, the ceasefire is over and warned of additional strikes on Iran along with a new blockade. Meanwhile, minutes from the Federal Reserve’s June meeting showed that only a few policymakers favored a rate increase, though officials expressed growing concern about inflation. Markets continue to price in at least one Fed rate hike by the end of 2026.
2026-07-09
Silver Slides Toward Eight-Month Low as Trump’s Iran Remarks
Silver extended its losses to around $57.7 an ounce on Wednesday, falling to levels not seen since December 2025 after US President Donald Trump declared the interim peace agreement with Iran "over." His comments drove oil prices more than 5% higher, heightening concerns that rising energy costs could fuel inflation and keep US interest rates higher for longer. Speaking at NATO's summit in Ankara, Trump said he had no interest in further engagement with Iran and warned that Washington would likely launch additional strikes later on Wednesday. His remarks marked another abrupt turn in a conflict where rhetoric from both the US and Iran has repeatedly shifted between military escalation and diplomatic efforts. Markets are now pricing in at least one Federal Reserve interest rate hike by the end of 2026, reducing the appeal of non-yielding assets such as silver.
2026-07-08
Silver Drops Over 2%
Silver fell more than 2% to $58.4 an ounce on Wednesday, returning to levels not seen since December 2025, after US President Donald Trump declared an interim peace deal with Iran "over." The announcement sent oil prices up over 5% and heightened concerns about inflation and higher US interest rates. At NATO’s Ankara summit, Trump confirmed the June memorandum of understanding with Iran was finished and ruled out further engagement with Tehran. The oil price surge followed Iran’s Revolutionary Guards’ statement that they had targeted US military bases in Bahrain and Kuwait in response to US strikes on Iran and the revocation of its oil sales license. Markets now price in a 66% chance of a US rate hike in September, up from 62% on Tuesday. Investors are awaiting the Federal Reserve’s June meeting minutes, due later today, for further monetary policy clues.
2026-07-08