According to CoinMeta, on August 11, 2026, the price of silver continued to rise due to positive employment data and the deterioration of the situation in Iran. On Tuesday, the opening price of the September silver contract was $65.94 per ounce, up 1% from the closing price on Monday. By 8 a.m. Eastern Time, the price of silver had reached $65.45, breaking through the $65 mark for the first time since June. As last week's employment report reduced the likelihood of a Fed interest rate hike in September, investors also began to pay renewed attention to precious metals. With the worsening situation in Iran, it seems that both the United States and Iran have intensified their negotiating demands, leading to a stall in the progress of re-opening the Strait of Hormuz. Two inflation reports expected to be released later this week are expected to provide important signals for the short-term future of silver prices.