Silver prices react to US airstrikes on Iran

What happened: On Wednesday, June 10, 2026, silver prices dropped significantly, opening at $65.20, a 4.6% decrease from Tuesday. This decline was triggered by U.S. airstrikes on Iran. The following day, silver prices reached their lowest point since December 2025, opening at $63.52, a further 1.9% decrease. Conversely, on Tuesday, May 26, silver prices remained steady after U.S. airstrikes on Iran, and on Friday, May 29, they opened higher at $76.02 following news of a truce extension with Iran.

Market impact: The geopolitical tension stemming from U.S. airstrikes on Iran drove silver prices down, affecting precious metal investors and companies involved in silver mining and trading. The price volatility, which can be attributed to safe-haven demand, impacted the valuation of silver-related assets. Companies such as Silver Wheaton and First Majestic Silver, which derive significant revenue from silver production, were likely affected.

What to watch next: Investors should closely monitor the upcoming Consumer Price Index (CPI) report, scheduled for release on June 14, 2026, as it may influence silver prices. Additionally, any further developments in U.S.-Iran relations, such as additional airstrikes or diplomatic progress, could trigger additional price movements in silver. Lastly, silver's performance relative to other safe-haven assets like gold could provide insights into investor sentiment and potential future price trends.