Silver Holds Losses as Trump Reinstates Blockade

2026-07-14 00:00 By Jam Kaimo Samonte 1 min. read

Silver held below $58 an ounce on Tuesday after sliding nearly 4% in the previous session, as President Donald Trump reinstated a blockade on Iranian vessels transiting the Strait of Hormuz and sought reimbursement from countries benefiting from US efforts to secure the vital shipping lane.

The move drove oil prices sharply higher, reviving concerns over inflation and the interest rate outlook.

The measures followed renewed hostilities between Washington and Tehran, with the US targeting Iran’s ability to disrupt maritime shipping while Tehran retaliated against US allies in the region.

Investors also awaited key US inflation data and Federal Reserve Chair Kevin Warsh’s testimony before the US Congress later today, with markets closely parsing his remarks for further policy guidance.

Markets now price in roughly a 51% chance of a Fed rate hike in September, compared with a 23% probability that the central bank will leave rates unchanged.



News Stream
Silver Holds Losses as Trump Reinstates Blockade
Silver held below $58 an ounce on Tuesday after sliding nearly 4% in the previous session, as President Donald Trump reinstated a blockade on Iranian vessels transiting the Strait of Hormuz and sought reimbursement from countries benefiting from US efforts to secure the vital shipping lane. The move drove oil prices sharply higher, reviving concerns over inflation and the interest rate outlook. The measures followed renewed hostilities between Washington and Tehran, with the US targeting Iran’s ability to disrupt maritime shipping while Tehran retaliated against US allies in the region. Investors also awaited key US inflation data and Federal Reserve Chair Kevin Warsh’s testimony before the US Congress later today, with markets closely parsing his remarks for further policy guidance. Markets now price in roughly a 51% chance of a Fed rate hike in September, compared with a 23% probability that the central bank will leave rates unchanged.
2026-07-14
Silver Drops Over 3% Amid Rate Hike Expectations
Silver declined more than 3% to $58 per ounce on Monday, extending losses for a second straight day, as rising Middle East tensions amplified inflation worries, strengthening the view that US interest rates will stay higher for longer. US and Iranian forces exchanged heavy missile and drone strikes over the weekend and into Monday. Tehran reported attacks on US military sites across the Gulf and kept the Strait of Hormuz closed, driving oil prices up over 4%. Investors responded by increasing bets on a Federal Reserve rate hike, with markets now pricing in a nearly 70% chance of a September increase. Fed Chair Kevin Warsh is scheduled to testify on monetary policy before Congress on Tuesday, with markets watching closely for further signals. The US is also set to release key economic data this week, including June’s consumer price index and retail sales.
2026-07-13
Silver Declines on Renewed US-Iran Strikes
Silver dropped below $59 an ounce on Monday, extending losses from last week as renewed missile strikes between the US and Iran drove oil prices higher, fueling expectations of interest-rate hikes to curb inflation. The US carried out its fourth strike in a week against Iran on Sunday in retaliation for an Iranian attack on a Cyprus-flagged container ship. Tehran declared that the Strait of Hormuz would be closed "until further notice," though the claim was dismissed by the US Central Command. Investors are also awaiting key US inflation data due this week for further clues on the Federal Reserve's policy outlook. Markets currently expect the Fed to deliver one more interest-rate hike before the end of the year. Meanwhile, Fed Chair Kevin Warsh is scheduled to make his first appearance before the US Congress on Tuesday.
2026-07-12