Silver Futures Slide 4.6% to $65.20, Pressured by Inflation and Iran Tensions

Silver July futures fell approximately 4.6% to open at $65.20 on Wednesday, June 10. This sell-off contributes to a total decline of more than 13% for the metal so far in June.

The May Consumer Price Index reported an annual inflation rate of 4.2%. This data reinforced expectations that the Federal Reserve will maintain higher interest rates for an extended period. A hawkish central bank outlook strengthens the U.S. dollar and increases the opportunity cost of holding non-yielding assets.

Renewed conflict between the U.S. and Iran further complicated market sentiment. While geopolitical instability can boost safe-haven assets, investors currently prioritize inflation concerns and central bank policy over precious metals.