Silver Touches 2026 Low, Sparks Crash Fears
Silver fell to a 2026 low on Friday. Traders are betting on further drops as support near $52 is tested.
Oil rose around 2% after US forces struck Iranian targets near the Strait of Hormuz and Iran retaliated with missile fire.
Crude oil has gained roughly 2%.
US equity index futures are little changed at the open.
Earlier developments:
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Silver fell to a 2026 low on Friday. Traders are betting on further drops as support near $52 is tested.
Oil surged to its highest since May on worries about US-Iran escalation, lifting Treasury yields and pressuring gold, while stocks slipped.
Trump hinted at another operation against Iran at a rally, as oil prices surged on market expectations of imminent action.
US oil rigs increased by one to 460 in the latest week; gas rigs fell one to 132. Total US rigs remained at 603, up 9.6% year over year.