Silver futures for July 2026 delivery on the Comex exchange saw a significant drop of over 5%, trading at $62.135 per troy ounce as of 10:00 Moscow time. Gold futures also experienced a decline.
Disruptions around the Strait of Hormuz, linked to the US-Israeli war on Iran, are escalating global food prices. Potato futures have surged over 700% in a month due to concerns over fertilizer and energy costs, impacting global food security.
Palladium, platinum, gold, and silver futures prices rose by 0.17% to 4.16% on NYMEX and Comex as of 6:12 p.m. Moscow time (3:12 p.m. GMT) on May 13.
Diageo shares rose 2% after Trump announced removal of 10% tariffs on Scotch whisky in honor of King Charles. UK house prices unexpectedly increased 0.4% in April with annual growth reaching 3.0%, while NatWest reported Q1 profits of £1.4bn despite setting aside £140m for potential economic worsening.
