September silver futures rise 0.6% to $58.88 but remain under pressure amid U.S.-Iran tensions and Fed policy concerns.
Silver September futures opened at $58.88 per ounce on July 9, 2026, a 0.6% increase from Wednesday’s close of $58.54. Prices briefly climbed to $59.38 in early trading, tracking gold’s movements amid escalating geopolitical risks.
The metal has faced downward pressure this week, hitting a new low as U.S.-Iran hostilities threaten oil supply disruptions in the Strait of Hormuz. Year-over-year, silver remains up 61.8%, though growth has slowed from 173.3% on May 14, 2026.
Market focus shifts to the Fed’s late-July meeting, where inflation concerns from rising oil prices could influence rate decisions, weighing further on silver.