Silver Gains as Oil Prices Retreat

2026-07-26 23:56 By Jam Kaimo Samonte 1 min. read

Silver climbed more than 2% toward $60 an ounce on Monday, moving away from eight-month lows as oil prices dropped sharply following a pause in hostilities between the US and Iran over the weekend, reducing concerns over supply disruptions and inflation.

The US suspended its nearly two-week campaign of strikes against Iran beginning late Friday without an official announcement, while Tehran said it had ended its retaliatory strikes in response and held discussions with Oman regarding the Strait of Hormuz.

Precious metals struggled in recent weeks amid escalating hostilities in the Middle East, with supply disruption spreading from the Strait of Hormuz to the Red Sea.

Meanwhile, the Federal Reserve is widely expected to leave interest rates unchanged on Wednesday before raising them in September, although some market participants believe the central bank could move as early as this week's meeting in response to renewed inflationary pressures.



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Silver Gains as Oil Prices Retreat
Silver climbed more than 2% toward $60 an ounce on Monday, moving away from eight-month lows as oil prices dropped sharply following a pause in hostilities between the US and Iran over the weekend, reducing concerns over supply disruptions and inflation. The US suspended its nearly two-week campaign of strikes against Iran beginning late Friday without an official announcement, while Tehran said it had ended its retaliatory strikes in response and held discussions with Oman regarding the Strait of Hormuz. Precious metals struggled in recent weeks amid escalating hostilities in the Middle East, with supply disruption spreading from the Strait of Hormuz to the Red Sea. Meanwhile, the Federal Reserve is widely expected to leave interest rates unchanged on Wednesday before raising them in September, although some market participants believe the central bank could move as early as this week's meeting in response to renewed inflationary pressures.
2026-07-26
Silver Rebounds as Markets Weigh Middle East Risks and Rate Outlook
Silver rose 1% to around $58 an ounce on Friday, recovering some ground after tumbling more than 3% in the previous session, as investors assessed developments in the Middle East for clues on energy-driven inflation risks and the outlook for US interest rates. Concerns over Gulf oil supply disruptions have lifted crude prices, reinforcing expectations that interest rates could remain higher for longer and weighing on precious metals. Investors are now focused on next week's Federal Reserve meeting, where policymakers are widely expected to leave rates unchanged, although markets continue to price in roughly an 80% chance of a rate hike in September. Meanwhile, the European Central Bank kept interest rates unchanged on Thursday, as expected, while signaling that another increase in September remains on the table.
2026-07-24
Silver Extends Decline
Silver fell toward $57 per ounce on Friday after falling more than 3% in the previous session, as surging oil prices fueled by the escalating Middle East conflict strengthened the case for tighter US monetary policy. President Donald Trump threatened broader military action against Iran and said Tehran would be held responsible for any future Houthi attacks on Red Sea shipping, helping propel Brent crude above $100 a barrel for the first time since May. The jump in oil prices stoked inflation concerns, reinforcing expectations of tighter Fed policy and weighing on non-yielding assets. Markets now see a 34% chance of a rate hike next week, with the probability of a September increase exceeding 81%. Separately, fresh US tariffs of 10%–12.5% on imports from major trading partners added to market uncertainty. Despite the recent pullback, silver remained on track for a weekly gain.
2026-07-24