Sliver Falls on US-Iran Escalations

2026-07-15 06:29 By Jam Kaimo Samonte 1 min. read

Silver fell toward $58 an ounce on Wednesday, trimming gains from the previous session as escalating tensions in the Middle East kept inflation and interest rate concerns at the forefront of investors' minds.

The US launched another round of strikes against Iran while reinstating its naval blockade of Iranian ports near the Strait of Hormuz, raising fears of further disruptions to global energy supplies.

Gold had surged more than 1% on Tuesday after softer-than-expected US inflation data prompted traders to scale back expectations for near-term Federal Reserve interest rate hikes.

Meanwhile, Fed Chair Kevin Warsh reiterated the central bank’s commitment to restoring price stability during congressional testimony but stopped short of signaling a more hawkish policy stance.

Even so, markets continue to price in roughly a 50% chance of a Fed rate hike in September..



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