Global silver slips below $58; gold-to-silver ratio climbs to about 70

Spot silver fell about 1.5 percent in Wednesday, July 15, 2026 trade, sliding to near $57.68 an ounce, while gold held roughly steady near $4,060 an ounce. As silver's drop outpaced gold, the gold-to-silver ratio rose to about 70, its highest in recent weeks.

The main drag on silver was persistently high oil prices amid US-Iran tensions and worries that inflation would linger, keeping the prospect of tighter Federal Reserve policy alive; higher interest rates weigh on non-yielding precious metals.

Silver also matters for Iran's market: the global ounce feeds through to domestic silver and precious-metal prices, and several silver investment funds have launched on the Iran Mercantile Exchange in recent weeks.