The overall fluctuation of silver during the day was weak. The decline was greater than that of gold. Both domestic and foreign silver prices fell by more than 1%. Among them, COMEX silver fell below 65 US dollars/ounce. The overall weakening of US PPI and core PPI in July exceeded market expectations, driving the decline in US dollar and US bond yields. Meanwhile, Federal Reserve official Hamak said he was unsure that inflation would continue to improve, compounded by the continuing blockade of the strait. Iran's Supreme Leader's advisors threatened that if conditions were not met or the conflict escalated, the inflation prospects were full of uncertainty, causing some of the funds to leave the market profitably. According to Xinhua News Agency, on the 12th local time, Iran's “Persian Gulf Strait Authority” stated that the Strait of Hormuz remains closed and will not reopen unless the US accepts the conditions proposed by Iran. On the 13th, an adviser to Iran's Supreme Leader stated that if conditions are not met, the conflict may escalate.

The overall fluctuation of silver during the day was weak. The decline was greater than that of gold. Both domestic and foreign silver prices fell by more than 1%. Among them, COMEX silver fell below 65 US dollars/ounce. The overall weakening of US PPI and core PPI in July exceeded market expectations, driving the decline in US dollar and US bond yields. Meanwhile, Federal Reserve official Hamak said he was unsure that inflation would continue to improve, compounded by the continuing blockade of the strait. Iran's Supreme Leader's advisors threatened that if conditions were not met or the conflict escalated, the inflation prospects were full of uncertainty, causing some of the funds to leave the market profitably. According to Xinhua News Agency, on the 12th local time, Iran's “Persian Gulf Strait Authority” stated that the Strait of Hormuz remains closed and will not reopen unless the US accepts the conditions proposed by Iran. On the 13th, an adviser to Iran's Supreme Leader stated that if conditions are not met, the conflict may escalate.