Silver price today, Wednesday, September 2, 2026: Silver prices fall further following second wave of attacks
On Wednesday, September 2, 2026, silver prices continued to decline as the U.S. military intensified its attacks against Iran. The December futures for silver opened at $64.69 per ounce, a 1.0% decrease from the previous day's closing price. By the morning of September 2, the silver price had dropped further to $64.24 per ounce.
This decline follows a second wave of attacks by the U.S. military against Iran, sparking retaliation from Iranian forces in the Middle East. The renewed conflict has shifted the U.S. strategy from economic pressure to a more forceful approach aimed at forcing a peace deal and reopening the Strait of Hormuz. As a result, silver prices opened at their lowest levels in two weeks and continued to slide in early trading.
The situation may force the Federal Reserve to raise interest rates later in the month if fighting persists and energy prices, such as Brent Crude, remain high, putting additional downward pressure on silver prices.
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