Silver Prices Fall Amid Escalating U.S.-Iran Tensions
On Wednesday, September 2, 2026, the price of silver fell by 1.0% to open at $64.69 per ounce as tensions between the United States and Iran escalated following a second wave of attacks from the U.S., prompting Iranian retaliation against American military bases in the Middle East. The renewed conflict marks a shift away from economic pressure tactics toward direct confrontation, raising concerns about energy prices and potential interest rate hikes by the Federal Reserve. Brent crude oil has risen to nearly $95 per barrel amid fears of disrupted supply through the Strait of Hormuz. If hostilities continue, higher rates could further depress silver prices. Silver's price is currently at its lowest in two weeks after opening lower than Tuesday’s close and falling even more during early trading.
