Silver prices held steady near $73 per ounce on Thursday, June 4, after losing more than 3 percent in the prior session, as traders weighed the prospect of central bank rate increases against ongoing geopolitical uncertainty. July silver futures opened at $73.08 per ounce, down 0.8 percent from Wednesday's close of $73.69, before stabilizing around $73.60 in early U.S. trading, according to Yahoo Finance.
The metal's recent weakness has been tied to growing expectations that central banks may need to raise interest rates to counter an energy-driven inflation shock stemming from the conflict in the Middle East. Traders had hoped for progress on a peace agreement between the United States and Iran, but negotiations stalled as fighting between Israel and Hezbollah intensified, leaving markets without a catalyst for a safe-haven rally.
U.S. economic data added to the rate pressure. Figures released Tuesday showed job openings surged in April to their highest level in nearly two years while layoffs declined, signaling continued resilience in the labor market. Investors are now focused on Friday's nonfarm payrolls report for further clues on the trajectory of monetary policy.
Silver remains well below its January 2026 record territory near $100 per ounce, though it is still up substantially from year-ago levels. Analysts said the metal's dual role as both a monetary and industrial asset leaves it sensitive to swings in rate expectations and manufacturing demand.
Source: Yahoo Finance -- https://finance.yahoo.com/personal-finance/investing/article/silver-prices-today-thursday-june-4-2026-prices-steady-no-news-out-of-iran-isnt-good-news-111103049.html