Silver prices fall amid renewed Middle East clashes and rising oil prices ahead of the Fed’s upcoming rate decision.
Silver July futures slid to $74.62 at 7:12 a.m. ET, down from an opening price of $75.49, as escalating U.S.-Iran and Israel-Hezbollah conflicts dampened market optimism. The decline follows a period of relative stability, with prices holding steady through much of the past week.
Over the past month, silver has risen 1.4%, while year-over-year gains stand at 120%, down from a peak of 173.3% on May 14. The metal’s movement contrasts with rising oil prices and persistent inflation concerns, which are expected to influence the Federal Reserve’s rate-setting meeting later this month.
Gold and silver have tracked closely, though both are under pressure as investors weigh geopolitical risks against monetary policy expectations.