Silver Surges as US-Iran Tensions Escalate Global Geopolitical Risk Premium
The price of silver has rebounded to $66.95 per ounce on September 8, 2026, after US military forces struck Iranian military facilities in the Strait of Hormuz over the weekend.
The strike was a significant development that contributed to the market's geopolitical risk premium, which outweighed the Federal Reserve's signal for a potential rate hike at its upcoming meeting.
Silver's price has been influenced by both monetary policy and geopolitical risk, with the Hormuz dynamic mattering significantly to silver investors due to its impact on global energy markets and supply chains.