Global silver climbs about 3 percent toward $59 after soft US inflation data

Spot silver rose about 3 percent on Tuesday, July 14, 2026, climbing toward $59 an ounce, a rebound after the previous day's sharp fall. The main driver was the softer-than-expected US June inflation report and reduced expectations of a Federal Reserve rate hike, which weakened the dollar and supported precious metals.

Silver rose alongside gold, the same channel whose effect feeds through to Iran's domestic gold and coin market.