Silver September futures fall 1.7% to $59.03 after U.S. airstrikes on Iran revive inflation concerns and Fed policy uncertainty.
Silver September futures (SI=F) slid 1.7% to open at $60.31 on July 8, 2026, before dropping further to $59.03 by 8:33 a.m. ET. The decline follows U.S. airstrikes against Iran, which have reignited inflation worries amid rising oil prices and expectations of Federal Reserve rate hikes.
The metal’s performance contrasts with recent trends, including a 2.4% gain over the past week and a 64.4% rise year-over-year. However, silver remains down 10.6% from a month ago, reflecting broader volatility in commodities tied to geopolitical risks and monetary policy shifts.
Investors are pricing in tighter financial conditions as inflation pressures resurface, weighing on precious metals. Gold and silver have both retreated as the focus shifts back to potential Fed action.