Current price of silver as of Thursday, July 16, 2026 - Fortune
Source: Fortune
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DW NOTE
The Hormuz closure and escalating conflicts have driven oil up 9% this week — yet silver is down 49% from its peak and gold down 24% from January. Either safe-haven demand doesn't exist or markets believe every geopolitical risk will resolve without consequence. One of those propositions is obviously wrong.
Oil prices hit the $100 per barrel mark early on Wednesday in Asian trade as the ongoing crisis in the Middle East has diminished hopes of U.S.-Iran talks and a return to normal oil flows soon. As of early morning trade in Europe on Wednesday, the international benchmark, Brent Crude, jumped by 2.2
Bitcoin advanced to as high as $79,700 while Brent crude topped $100 and European shares fell, leaving crypto tracking gold rather than equities.
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