Global silver drops below $59, down about 1.7% on Monday

Global silver fell below the $59 an ounce mark on Monday, July 13, 2026. Spot silver traded in a range of roughly $58.5 to $59 an ounce, down about 1.7% from the previous day.

The decline was part of a broader weakening across precious metals that day. A jump in oil prices following the escalation of military tensions between the United States and Iran fuelled worries about inflation and the prospect of interest rates staying higher for longer which, along with a firmer dollar, pressured both gold and silver.

Silver also matters for the Iranian market: subscription to the country's first silver investment fund, trading under the symbol Neqrat, opened on the same day, Monday, July 13.