Silver Rises as Middle East Conflict Rages On

2026-07-21 00:16 By Jam Kaimo Samonte 1 min. read

Silver rose above $57 an ounce on Tuesday, but stayed close to its lowest level in eight months as the ongoing conflict between the US and Iran kept investors focused on the risks of energy-driven inflation and the prospect of higher interest rates.

US attacks on Iran entered a tenth consecutive day, with President Donald Trump warning that Iran would be held responsible for the deaths of three US service members.

Iran-backed Houthi militants also announced a maritime embargo against Saudi Arabia, raising concerns over energy shipments through the Red Sea.

Meanwhile, Iran said mediators had put forward proposals aimed at easing tensions with the US following several days of fighting, while reports pointed to a possible 10-day ceasefire.

US Treasury yields climbed sharply this week, with markets now pricing in about a 55% chance of a Federal Reserve rate hike in September, up from 51% a day earlier.



News Stream
Silver Jumps as Investors Track US-Iran Diplomacy Efforts
Silver jumped more than 4% to $59 an ounce on Tuesday as investors monitored diplomatic efforts to ease the US-Iran conflict and assessed the implications for oil prices, inflation, and the Federal Reserve’s policy path. Reports suggested mediators are working to restart negotiations between Washington and Tehran, with a possible 10-day truce being discussed to help secure shipping routes through the Strait of Hormuz. The recent escalation pushed oil prices to a more than one-month high, intensifying concerns over renewed inflationary pressures. Some US policymakers have argued that rates may need to stay elevated for longer, or even rise further, to contain inflation. While the Fed is expected to hold rates steady next week, markets are pricing in more than a 60% chance of a rate hike in September.
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Silver is up by 5%
Silver increased 5% to 59.212 USD/t.oz
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Silver Jumps as US-Iran Talks Eyed
Silver climbed above $58 an ounce on Tuesday, rebounding from recent losses as investors assessed the potential resumption of peace negotiations between the US and Iran, which could ease energy-driven inflation risks and reduce concerns about interest rate hikes. Mediators worked on Monday to bring both sides toward a new ceasefire, while reports pointed to a possible 10-day truce. However, tensions remained elevated after President Donald Trump warned that Iran would be held responsible for the deaths of three US service members. Iran-backed Houthi militants also announced a maritime embargo against Saudi Arabia, raising concerns over energy shipments through the Red Sea. US Treasury yields climbed sharply this week, with markets now pricing in about a 55% chance of a Federal Reserve rate hike in September, up from 51% a day earlier.
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