Silver Steadies Ahead of US CPI Report

2026-08-12 01:00 By Jam Kaimo Samonte 1 min. read

Silver steadied near $65 an ounce on Wednesday after declining in the previous session, as investors prepared for key US inflation data that could provide fresh clues on the Federal Reserve’s policy outlook.

Markets remain divided over whether the Fed will raise rates by 25 basis points in September after keeping them unchanged in July, with rising oil prices reinforcing a hawkish bias.

Meanwhile, traders assessed the prospects of a US-Iran deal to reopen the Strait of Hormuz amid shifting signals.

Pakistan’s defense minister said Washington and Tehran are “close to some sort of arrangement” over the strait, while reports indicated that talks between Iran and Oman have reached an advanced stage.

Elsewhere, silver remained supported by solid industrial consumption, particularly from expanding solar panel manufacturing and electricity grid development.

Recent data showed Chinese imports of silver-bearing ores jumped 62.5% year-on-year in June to 219,000 tonnes.



News Stream
Silver Steadies Ahead of US CPI Report
Silver steadied near $65 an ounce on Wednesday after declining in the previous session, as investors prepared for key US inflation data that could provide fresh clues on the Federal Reserve’s policy outlook. Markets remain divided over whether the Fed will raise rates by 25 basis points in September after keeping them unchanged in July, with rising oil prices reinforcing a hawkish bias. Meanwhile, traders assessed the prospects of a US-Iran deal to reopen the Strait of Hormuz amid shifting signals. Pakistan’s defense minister said Washington and Tehran are “close to some sort of arrangement” over the strait, while reports indicated that talks between Iran and Oman have reached an advanced stage. Elsewhere, silver remained supported by solid industrial consumption, particularly from expanding solar panel manufacturing and electricity grid development. Recent data showed Chinese imports of silver-bearing ores jumped 62.5% year-on-year in June to 219,000 tonnes.
2026-08-12
Silver Pulls Back as Investors Take Profits
Silver slipped toward $64 an ounce on Tuesday, erasing earlier gains as investors took profits following a strong rally and assessed the potential impact of surging oil prices on inflation and the interest rate outlook. Earlier in the session, the metal climbed to a seven-week high, tracking gains in gold as investment demand for precious metals improved. Silver also remained supported by solid industrial consumption, particularly from expanding solar panel manufacturing and electricity grid development. Recent data showed Chinese imports of silver-bearing ores jumped 62.5% year-on-year in June to 219,000 tonnes. Meanwhile, uncertainty remained over a potential US-Iran agreement to end the war and reopen the Strait of Hormuz, keeping markets cautious about inflation and interest rates. Investors also awaited key US inflation data this week for fresh signals on the Federal Reserve’s policy outlook.
2026-08-11
Silver Extends Gains on Precious Metals Rally
Silver climbed to around $66 an ounce on Tuesday, hitting a seven-week high and tracking a rally in gold fueled by improving investment demand for precious metals despite rising inflationary risks and expectations for interest rate hikes amid surging oil prices. The white metal also continued to benefit from robust industrial demand tied to expanding production of solar panels and electricity grids. Recent data showed Chinese imports of silver-bearing ores surged 62.5% annually in June to 219,000 tonnes. Meanwhile, uncertainty persisted over a potential deal between the US and Iran to end the war and reopen the Strait of Hormuz, keeping markets wary of inflation and the outlook for interest rates. Investors also awaited a key US inflation reading this week for fresh clues on the Federal Reserve’s policy outlook.
2026-08-11