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Silver (SI=F) September futures opened at $59.71 per ounce on Monday, July 13, 2026, 0.8% lower than Friday's closing price of $60.17. The price of silver fell even further this morning, reaching $58.60 by 8:33 a.m. ET.
The price of silver opened lower this morning and has continued to trend lower amid ongoing exchanges of attacks between the U.S. and Iran. While the U.S. claims the Strait of Hormuz is still open, Iran has stated that the strait is effectively closed.
As a result, oil and gas prices are moving higher yet again, putting tangible strains on American wallets at a time when the Fed has vowed to get inflation back under control. Controlling inflation could involve raising interest rates, or at least keeping them at current levels for longer, a notable headwind for silver prices.
The opening price of silver futures on Monday was down 0.8% compared to Friday's close. Here's how the opening silver price has changed versus last week, month, and year:
Silver (SI=F) September futures opened at $59.71 per ounce on Monday, July 13, 2026, 0.8% lower than Friday's closing price of $60.17. The price of silver fell even further this morning, reaching $58.60 by 8:33 a.m. ET.
The price of silver opened lower this morning and has continued to trend lower amid ongoing exchanges of attacks between the U.S. and Iran. While the U.S. claims the Strait of Hormuz is still open, Iran has stated that the strait is effectively closed.
As a result, oil and gas prices are moving higher yet again, putting tangible strains on American wallets at a time when the Fed has vowed to get inflation back under control. Controlling inflation could involve raising interest rates, or at least keeping them at current levels for longer, a notable headwind for silver prices.
The opening price of silver futures on Monday was down 0.8% compared to Friday's close. Here's how the opening silver price has changed versus last week, month, and year:
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