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.
U.S. forces struck two Iranian missile launchers on Larak Island near the Strait of Hormuz.
Two Iranian launchers on Larak Island have been struck by U.S. forces, according to Axios.
Members of the Islamic Revolutionary Guard Corps were seen getting ready to fire rockets fitted with sea mines into the Strait of Hormuz.
Axios referenced a statement from a U.S. official.
Over the weekend, the UKMTO reported that a tanker traveling inbound through the Strait of Hormuz was hit by an unknown projectile about 12 nautical miles north of Khasab, Oman.
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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.