Silver Holds Decline

2026-09-09 00:00 By Jam Kaimo Samonte 1 min. read

Silver traded around $65.5 an ounce on Wednesday after sliding for two straight sessions, pressured by rising oil prices that heightened inflation concerns and strengthened expectations for interest rate hikes.

Oil prices continued to climb after US forces destroyed five Iranian crude tankers near Kharg Island, the country’s main oil export hub, in retaliation for attempted missile attacks on a US warship.

Investors also braced for key US inflation readings this week for further signals on the Federal Reserve’s next policy move.

Markets are currently pricing in roughly a 60% chance of a 25-basis-point rate hike next week.

Although precious metals are widely considered a hedge against inflation, higher interest rates can reduce demand for non-yielding assets by increasing the appeal of interest-bearing investments.

Meanwhile, silver continued to find support from robust industrial demand, particularly from the solar energy and electrification sectors.



News Stream
Silver Holds Decline
Silver traded around $65.5 an ounce on Wednesday after sliding for two straight sessions, pressured by rising oil prices that heightened inflation concerns and strengthened expectations for interest rate hikes. Oil prices continued to climb after US forces destroyed five Iranian crude tankers near Kharg Island, the country’s main oil export hub, in retaliation for attempted missile attacks on a US warship. Investors also braced for key US inflation readings this week for further signals on the Federal Reserve’s next policy move. Markets are currently pricing in roughly a 60% chance of a 25-basis-point rate hike next week. Although precious metals are widely considered a hedge against inflation, higher interest rates can reduce demand for non-yielding assets by increasing the appeal of interest-bearing investments. Meanwhile, silver continued to find support from robust industrial demand, particularly from the solar energy and electrification sectors.
2026-09-09
Silver Steadies Near $66 Ahead of US Inflation Data
Silver traded cautiously around $66 an ounce on Tuesday as investors weighed expectations of a Federal Reserve rate hike against a weaker dollar ahead of key US inflation data later this week. Rising oil prices also renewed concerns over inflation. Oil extended gains to multi-week highs amid escalating Middle East tensions after Yemen’s Iran-backed Houthis attacked energy facilities and cities in Saudi Arabia, a key US ally. Meanwhile, Friday’s stronger-than-expected jobs report pointed to a strengthening labor market, prompting traders to price in roughly a 60% chance of a Fed rate hike at the September meeting. While silver is traditionally seen as an inflation hedge, higher interest rates tend to reduce the appeal of the non-yielding asset. Investors now await producer price data on Thursday and consumer inflation figures on Friday for further clues on the Fed’s policy outlook.
2026-09-08
Silver Pressured by Rate Hike Bets
Silver slipped below $66 an ounce on Tuesday, extending losses from the previous session amid expectations that major central banks will raise interest rates this month, while elevated oil prices continued to fuel inflation concerns. Markets are currently pricing in around a 60% probability that the US Federal Reserve will deliver a 25-basis-point rate hike next week following strong jobs data, with upcoming inflation figures expected to provide further clarity on the policy outlook. The European Central Bank and Bank of Japan are also expected to raise rates this month. Elsewhere, investors continued to monitor developments in the Middle East as renewed fighting between the US and Iran pushed oil prices higher. Meanwhile, precious metals could find support from investment and hedging demand, with central bank purchases and the so-called debasement trade remaining important market drivers.
2026-09-08