Silver Steadies After PPI Surprise

2026-07-15 13:22 By Joana Ferreira 1 min. read

Silver hovered around $58.50 per ounce on Wednesday, trimming earlier losses but remaining near its weakest level since December 2025 as investors balanced softer-than-expected US inflation data against escalating Middle East tensions.

US producer prices unexpectedly fell in June for the first time in nearly a year, driven by lower energy costs, while core PPI rose just 0.2%, below forecasts.

The report followed weaker-than-expected consumer inflation data released on Tuesday, prompting markets to pare expectations for further Federal Reserve tightening.

Still, traders continue to price in about a 49% chance of a September Fed rate hike as oil prices climbed to a one-month high after the US continued strikes on Iran, reimposed a naval blockade of Iranian ports, and Tehran closed the Strait of Hormuz.

Fed Chair Kevin Warsh also reiterated on Tuesday that the central bank has "no tolerance" for persistently elevated inflation.



News Stream
Silver Steadies After PPI Surprise
Silver hovered around $58.50 per ounce on Wednesday, trimming earlier losses but remaining near its weakest level since December 2025 as investors balanced softer-than-expected US inflation data against escalating Middle East tensions. US producer prices unexpectedly fell in June for the first time in nearly a year, driven by lower energy costs, while core PPI rose just 0.2%, below forecasts. The report followed weaker-than-expected consumer inflation data released on Tuesday, prompting markets to pare expectations for further Federal Reserve tightening. Still, traders continue to price in about a 49% chance of a September Fed rate hike as oil prices climbed to a one-month high after the US continued strikes on Iran, reimposed a naval blockade of Iranian ports, and Tehran closed the Strait of Hormuz. Fed Chair Kevin Warsh also reiterated on Tuesday that the central bank has "no tolerance" for persistently elevated inflation.
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Sliver Falls on US-Iran Escalations
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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Silver Holds Firm on Soft US Inflation
Silver eased toward $58 an ounce on Wednesday but held most of the gains from the previous session, as softer-than-expected US inflation data prompted traders to dial back expectations for Federal Reserve interest rates hikes. The annual US inflation rate slowed to 3.5% in June from 4.2% in May, coming in below forecasts of 3.8% as lower oil prices helped ease energy-related inflation. Consumer prices also fell 0.4% from the previous month, marking the first monthly decline since 2020. Meanwhile, Fed Chair Kevin Warsh reiterated the central bank’s commitment to restoring price stability during congressional testimony on Tuesday but refrained from signaling a more aggressive policy stance. Markets continue to price in roughly a 50% chance of a Fed rate hike in September, as renewed tensions between the US and Iran lifted oil prices and kept inflation concerns firmly on investors’ radar.
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