Silver July futures fall to $64.50 amid geopolitical risks and expectations of Fed rate hikes following May’s strong jobs report.
Silver July futures opened at $65.20 before sliding to $64.50, a 4.6% decline from Tuesday’s open. The drop reflects ongoing Middle East tensions disrupting energy flows and inflation concerns ahead of today’s CPI report.
Year-over-year, silver remains up 78.8%, though down from 173.3% growth on May 14. Over the past month, prices have fallen 19.3%, and 11.3% in the last week, signaling heightened volatility.
Analysts anticipate at least one Fed rate hike in coming months, pressuring non-yielding assets like silver as the central bank prioritizes inflation control.