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Coin World News, July 13, 2026, silver prices fell due to the latest airstrikes on Iran. On Monday, silver (SI=F) September futures opened at $59.71 per ounce, down 0.8% from Friday’s closing price of $60.17. As of 8:33 a.m. Eastern Time, silver prices fell further to $58.60. Although the U.S. claims the Strait of Hormuz is still open, Iran says the strait is actually closed. Due to this situation, oil and gas prices rose again, putting additional pressure on U.S. consumers. The Federal Reserve has pledged to control inflation and may raise interest rates or keep the current rates in place for a longer period, which poses significant pressure on silver prices.