Gold & Silver Fear Index — July 2026: 39.7

The Gold & Silver Fear Index started July at its lowest point of 32 before rising over the month to average 39.7. Tension was pushed higher by escalating war with Iran, a 7% spike in oil prices, and market focus on pending interest rate decisions. Later in the month, news of a pause in airstrikes helped calm the market, causing the index to drop 7 points on July 30. Despite a late surge in silver mining mergers and acquisitions worth $14.3 billion, fear peaked at 62 on July 29 during renewed airstrikes. The month ended with silver briefly rising above $59 after the U.S. paused its airstrikes.

Scores in this month were computed by the first-generation engine (v1).

Peak 62 on 2026-07-29 · low 32 on 2026-07-01 · locked record · ← June · Gold & Silver Fear Index timeline · August → · World Tension, same month

• Silver prices today, Monday, July 27, 2026: Silver prices trend higher as Iran airstrikes on pause Yahoo Finance · 2026-07-27
• Silver prices today, Monday, July 13, 2026: Silver prices falling after latest airstrikes on Iran Yahoo Finance · 2026-07-13
• Silver prices today, Wednesday, July 29, 2026: Prices hold steady this morning amid renewed airstrikes and pending rate decision Yahoo Finance · 2026-07-29
• Silver prices today, Friday, July 31, 2026: Silver briefly rises above $59 after U.S. pauses airstrikes Yahoo Finance · 2026-07-31
• Gold and Silver Rise with Crude Oil as Iran War Escalates, AI Tech Debt Hits Headlines | Gold News BullionVault · 2026-07-21
• Commerzbank downgrades gold and silver prices as Middle East conflict takes its toll kitco.com · 2026-07-28
• Oil Spiked 7% Yesterday. Silver Sold Off. Today Physical Buyers Are Doing Something Different. GoldSilver · 2026-07-24
• Gold headed toward $3,500 and silver toward $50 before the next run, Chambers says kitco.com · 2026-07-21

• Silver Mining M&A Booms: US$14.3B Surge in Deals