Precious metals · Comment Analysis 06-15 Published

Silver soars 8.45%! The peace agreement between the US and Iran detonates. With the reopening of the Strait of Hormuz, where will the silver price go?

On June 15, 2026, the silver market witnessed an explosive rise. The average price of Yangtze River Spot 1# silver was reported at 16,885 yuan per kilogram, a sharp increase of 895 yuan compared with the previous trading day. As of 11:00, the main contract of Shanghai silver was reported at 16,994 yuan per kilogram, up 1,324 yuan, with a sharp increase of 8.45%. This increase not only refreshed the recent single - day rebound record but also far exceeded the approximately 3% increase of Shanghai gold — the elasticity of silver once again demonstrated its typical characteristic of a "violent rebound".

✍️ CCMN yangxf Editorial Department
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