Silver prices fall 4% week-to-date amid geopolitical tensions and growing expectations of a Fed rate increase in September.
Silver July futures opened at $60.41 per ounce on July 10, 2026, before slipping to $59.83, a 0.5% decline from Thursday’s close. The metal has fallen 4% since Monday, pressured by escalating U.S.-Iran airstrikes and rising inflation concerns.
The week’s decline contrasts with a 1.6% gain one week ago and a 64.9% increase year-over-year. However, silver remains down 5.3% from a month ago, reflecting broader volatility in commodities markets.
Markets now price a nearly 50% chance of a Fed rate hike in September, which has weighed on non-yielding assets like silver. Oil prices rose amid the geopolitical unrest, further stoking inflation fears.