Silver prices (XAG/USD) rose on Thursday, according to FXStreet data. Silver trades at $64.05 per troy ounce, up 1.05% from the $63.39 it cost on Wednesday.

West Texas Intermediate (WTI) oil price pares its recent gains from the previous day, trading around $87.60 per barrel during the European hours on Thursday.

Danske Research Team notes that Iran’s Revolutionary Guard has declared the Strait of Hormuz closed and reported attacks on vessels, while the US launched new strikes on Iranian targets. Brent crude has climbed toward USD 95/bbl on these developments.

ING’s Warren Patterson and Ewa Manthey note Gold prices are retreating as investors reassess US monetary policy after data showing still persistent inflation risks.

Silver price (XAG/USD) claws back its early losses and rises to near $64.10 during the early European trading session on Thursday. The white metal attracts bids amid hopes that the April ceasefire between the United States (US) and Iran remains intact despite the exchange of attacks this week.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $89.50 during the early European trading hours on Thursday. The WTI price edges higher amid renewed skirmishes between the United States (US) and Iran. 

Gold prices rose in India on Thursday, according to data compiled by FXStreet.

Gold (XAU/USD) fades a modest Asian session bounce to the $4,118 region, though it manages to hold above the lowest level since November 2025 set earlier this Thursday.

The US Central Command (CENTCOM) said it began "additional self-defense strikes" on Wednesday against "multiple targets in Iran,” the Guardian reported. The US military added, "The strikes are in response to Iran's unwarranted and continued aggression.”

Gold price (XAU/USD) tumbles to around $4,050, the lowest since November 2025, during the early Asian session on Thursday.

Silver price drops below $65.00, extending its week-long losses to more than 6%, trading down nearly 2.50% in the day as the white metal breaks below the 200-day Simple Moving Average (SMA) at $67.25.

Gold (XAU/USD) price collapses over 3% on Wednesday after the latest inflation report in the US showed prices remain elevated, reinforcing expectations that interest rates could remain higher-for-longer, a headwind for the non-yielding metal.

West Texas Intermediate (WTI) trades around $89.40 at the time of writing on Wednesday, up 2.33% on the day, as investors return to the Oil market following a strong rebound driven by geopolitical tensions in the Middle East.

Silver (XAG/USD) remains under pressure on Wednesday and trades around $64.70 at the time of writing, down 1.02% on the day.

United States EIA Crude Oil Stocks Change below expectations (-4M) in June 5: Actual (-7.228M)

MUFG’s Hardman and Lockhart report that Brent Oil prices have shown a muted response to renewed US–Iran military exchanges, trading near recent lows after briefly dipping below USD 90 per barrel.

The West Texas Intermediate (WTI), futures on NYMEX, turns flat slightly above $88.00 in the European trade on Wednesday after clawing back its early losses.

Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data. Silver trades at $63.99 per troy ounce, down 2.11% from the $65.37 it cost on Tuesday.

Gold (XAU/USD) slides to fresh 11-week lows on Wednesday as mounting speculation that the Federal Reserve (Fed) could raise interest rates later this year weighs on demand for the non-yielding metal. At the time of writing, XAU/USD is trading around $4,163, down 2.30% on the day.

Gold price (XAU/USD) trades 2.1% lower at around $4,170 during the European trading session on Wednesday.

UBS Chief Economist Paul Donovan expects May United States (US) headline consumer price inflation to rise as higher Oil-related costs are passed through to consumers. He notes firms can protect profit margins by raising prices while demand holds, with US consumers drawing on savings.

Crude prices are trading lower for the fifth consecutive day on Wednesday, with the US benchmark West Texas Intermediate (WTI) barrel trading at $86.60 at the time of writing, more than $4 down so far this week.

ING’s Warren Patterson and Ewa Manthey say China’s latest trade data for Copper are mixed, with higher unwrought Copper imports in May but lower year-to-date volumes due to stronger domestic refined output.

Rabobank’s Global Strategist Michael Every highlights that Oil prices fell as the United States (US) energy secretary reported rising Hormuz transits, with evidence the US Navy may be moving more crude through the Strait than official data show.

Silver price (XAG/USD) rebounds to near $65.00 in the European trading session on Wednesday after attracting bids at around over the two-month low of $63.45 earlier in the day.

ING analysts Warren Patterson and Ewa Manthey note that WTI and Brent fell sharply but see upside for Oil prices as US–Iran tensions persist and no peace deal is in sight.

Iran's Foreign Minister Abbas Araghchi warned that its neighbours in the Gulf have a “legal and moral responsibility” to prevent American and Israeli strikes, the Guardian reported on Wednesday.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on a modest Asian session uptick and currently trades just below mid-$87.00s, nearly unchanged for the day.

Gold (XAU/USD) extends the recent breakdown momentum below a technically significant 200-day Simple Moving Average (SMA) and drops to a fresh low since March 23, further below the $4,200 mark during the Asian session on Wednesday.

Silver (XAG/USD) attracts some follow-through sellers for the second consecutive day and drops to its lowest level since March 23 during the Asian session on Wednesday.