Silver Prices Rise Briefly Above $59 Amid U.S. Airstrike Pause
On Friday, July 31, 2026, the opening price of silver September futures reached $59.26 per ounce, up 0.4% from Thursday's close. However, prices quickly declined to around $57.94 by mid-morning after a brief surge above $59 following reports that U.S. airstrikes had paused. The fluctuation marked the second time in five days silver opened near this level. Despite recent volatility and some upward movement compared to last year's levels, market analysts note ongoing challenges for silver including weak industrial demand and rising energy costs due to global conflicts. Silver prices have still risen significantly from a year ago by 60.9%, though the momentum has been inconsistent in recent weeks.
Topics: commodity prices market reaction silver