Israel's defense minister Katz has instructed the Israel Defense Forces to prepare for a long-term deployment.

Analyst Giuseppe Dellamotta says silver has risen steadily since last Tuesday on hopes of a US–Iran deal and was further supported by weaker-than-expected US nonfarm payrolls. The rally’s momentum appears to be waning and may need today’s US CPI print to continue. CPI is pivotal for the September FOMC outlook and Fed chair Kevin Warsh’s Jackson Hole remarks. Market focus is on core CPI MoM, expected at 0.2%. A higher-than-expected print could trigger a short-term sell-off as traders increase rate-hike bets; a weaker or on-target print would reduce the risk of further Fed tightening and likely offer renewed upside for silver.

USDA cut Argentina's 2025/26 soybean production forecast to 49.5 mln t from 50.0 mln t and raised Brazil's to 180.5 mln t from 180.0 mln t.