Commodities
Silver Mines Slumps Amid US-Iran Tensions and Soaring Oil Prices
Silver Mines Ltd (ASX: SVL) shares plummeted by 5.36% to AUD 0.1325 on July 24, 2026, as the broader market weakened due to renewed US-Iran tensions.
The S&P/ASX 300 Metal and Mining Index fell 1.95% to 7,891.80 points during the session, while the S&P/ASX 200 Index dipped 0.45% to 8,799.60 points.
Oil prices surged above US$100 per barrel, fueling inflation concerns among investors and contributing to the market's downturn.