Silver prices fall despite U.S.-Iran agreement as investors focus on inflation and potential Fed tightening later this year.
Silver July futures opened at $68.04 per ounce on June 18, 2026, down 3.8% from Wednesday’s close of $70.76, and slipped further to $67.45 in early trading. The decline comes despite a signed U.S.-Iran peace deal, which lifted stock futures but failed to buoy precious metals.
Investors remain fixated on inflation risks and the Federal Reserve’s potential rate hikes later this year. Silver’s performance contrasts with its recent volatility, posting a 6.4% gain over the past week but a 9.7% drop over the past month. Year-over-year, silver remains up 83.1%, though growth has slowed from 173.3% on May 14, 2026.
Higher interest rates typically pressure non-yielding assets like silver, keeping prices subdued despite geopolitical developments.