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fxJul 16, 2026, 2:03 AM

Silver Falls to Near $57.00 as Middle East Tensions Boost Oil

Silver (XAG/USD) extends losses for a second day, trading around $57.00 per troy ounce during Asian hours on Thursday. Rising US-Iran tensions push oil prices higher and spark fresh inflation concerns, weighing on the non-yielding metal.

XAGUSD

Silver (XAG/USD) continued its decline for a second consecutive session on Thursday, hovering near $57.00 per troy ounce during Asian trading. The precious metal faces headwinds as escalating US-Iran tensions drive oil prices higher, reigniting inflation worries among investors.

The white metal, which offers no yield, is under pressure as the risk-off mood and expectations of tighter monetary policy weigh on demand. Market participants are closely monitoring developments in the Middle East for further cues on silver's near-term direction.

Source: FXStreet Forex News