Silver ($XAG) Commodity Forecast: Down 5.2% Today

What is Silver?

Silver, a precious metal known for its industrial and investment uses, experienced a significant bearish movement in the market today.

Why is Silver going down?

XAG commodity is down 5.2% on Jun 24, 2026 15:41

• Silver prices plunged to December-lows, dropping about 5% to $59 per ounce, influenced by a stronger US dollar and increasing expectations of a Fed interest rate hike. The hawkish Fed sentiment and the likelihood of a rate increase in September contributed to the downward pressure on silver.
• The decline in US technology stocks led some investors to reduce their bullion holdings to offset losses elsewhere in their portfolios, adding to the selling pressure on silver.
• Despite some support from the US-Iran peace agreement and easing inflation concerns, silver remained near six-month lows as the market sentiment favored tighter Fed policy. The progress in negotiations between Washington and Tehran also alleviated inflation risks, further impacting silver prices negatively.
• Overall, the bearish movement in silver can be attributed to the combination of a stronger US dollar, hawkish Fed expectations, and the broader market reaction to US technology stock declines, leading to a significant decline in silver prices.

XAG Price Chart

XAG Technical Analysis

XAG News

Silver Falls to December-Lows

Silver prices fell about 5% to $59 per ounce on Wednesday, their lowest level since December, tracking broader weakness across the precious metals complex. The decline was driven by a stronger US dollar and growing expectations that the Fed will maintain a hawkish policy stance, prompting traders to increase bets on an interest-rate hike later this year. Markets currently assign a roughly 68% probability of a Fed rate increase in September, up from 29% a week ago. Silver and other precious metals also came under additional selling pressure as a sharp decline in US technology stocks led some investors to reduce bullion holdings to help offset losses elsewhere in their portfolios. Silver is now down about 13% year-to-date and nearly 47% below its record high reached in January, before the outbreak of the conflict with Iran.

Silver is down by 5.04%

Silver decreased 5.04% to 58.45 USD/t.oz

Silver Holds Losses on Hawkish Fed Bets

Silver traded near $61 an ounce on Wednesday, hovering at six-month lows as expectations of tighter Federal Reserve policy outweighed support from the interim US-Iran peace agreement, which helped ease inflation concerns. At its latest policy meeting, Fed officials left interest rates unchanged but indicated increasing support for future rate hikes, while new Fed Chair Kevin Warsh reaffirmed his commitment to restoring price stability. Meanwhile, progress in negotiations between Washington and Tehran encouraged a rise in traffic through the Strait of Hormuz, easing pressure on global energy supplies and reducing inflation risks. Silver and other metals also faced additional selling pressure as a sharp decline in US technology stocks prompted investors to trim bullion positions to offset losses elsewhere in their portfolios.

Silver is down by 5%

Silver decreased 5% to 61.8 USD/t.oz

Silver Remains Under Pressure

Silver fell toward $63 an ounce on Tuesday, extending recent losses as firm expectations for Federal Reserve interest rate hikes outweighed optimism surrounding ongoing US-Iran peace negotiations. Both Deutsche Bank and BofA Global Research have revised their forecasts to include a rate increase in September. Investors are now focused on this week’s PCE report, which contains the Fed’s preferred inflation gauge and is expected to offer fresh insight into underlying price pressures. Meanwhile, Washington granted Iran a 60-day license to sell oil on international markets, boosting expectations of a faster recovery in global supply. Shipping through the Strait of Hormuz has also increased, with producers such as Kuwait and the United Arab Emirates finding alternative export routes, while Iran shipped more than 30 million barrels over the past week.

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Silver Price History

23.05.2026 - XAG Commodity was down 5.2%

• Silver fell towards $63 an ounce, showing a bearish movement today.
• The market movement was influenced by strong expectations for Federal Reserve interest rate increases, overshadowing positivity around US-Iran peace talks.
• Forecasts from Deutsche Bank and BofA Global Research hinting at a rate hike in September put further downward pressure on silver prices.
• Expectations of a quicker rebound in global oil supply, driven by Washington's decision to allow Iran to sell oil internationally for 60 days, also played a role in the negative sentiment surrounding the silver market.

23.05.2026 - XAG Commodity was down 5.9%

• Silver dropped by 5% to $61.8 per ounce.
• The decline in silver prices is linked to expectations for Federal Reserve interest rate hikes.
• Optimism about US-Iran peace talks was overshadowed by inflation concerns, prompting focus on the potential rate increase in September.
• Increased shipping activity through the Strait of Hormuz and expectations of a quicker global oil supply recovery may have added to the downward pressure on silver prices.

24.05.2026 - XAG Commodity was down 5.2%

• Silver prices plunged to December-lows, dropping about 5% to $59 per ounce, influenced by a stronger US dollar and increasing expectations of a Fed interest rate hike. The hawkish Fed sentiment and the likelihood of a rate increase in September contributed to the downward pressure on silver.
• The decline in US technology stocks led some investors to reduce their bullion holdings to offset losses elsewhere in their portfolios, adding to the selling pressure on silver.
• Despite some support from the US-Iran peace agreement and easing inflation concerns, silver remained near six-month lows as the market sentiment favored tighter Fed policy. The progress in negotiations between Washington and Tehran also alleviated inflation risks, further impacting silver prices negatively.
• Overall, the bearish movement in silver can be attributed to the combination of a stronger US dollar, hawkish Fed expectations, and the broader market reaction to US technology stock declines, leading to a significant decline in silver prices.

12.05.2026 - XAG Commodity was up 7.4%

• Silver surged by 5.01% to reach $66.571 per ounce.
• Optimism concerning a potential peaceful agreement between the US and Iran contributed to this bullish trend, alleviating worries about inflation and interest rate hikes.
• The completion of US actions against Iran further boosted silver prices, fostering hopes for peaceful negotiations and lessening inflation concerns.
• Today's market movement reflects the influence of geopolitical tensions, US-Iran relations, and macroeconomic factors, including US producer price data and ECB interest rate decisions, on silver prices.

12.05.2026 - XAG Commodity was up 5.4%

• Silver prices surged as optimism grew over a potential peace deal between the US and Iran, easing concerns about inflation and potential interest rate hikes.
• The European Central Bank's decision to raise interest rates for the first time since 2023 and the US producer price data showing a sharp increase further reinforced expectations of a Federal Reserve rate hike.
• Geopolitical tensions in the Middle East, particularly regarding Iran and the impact on energy costs, played a significant role in driving silver prices higher.
• The combination of these factors led to a bullish market movement for silver, despite recent declines, highlighting the metal's sensitivity to global economic and political developments.

24.05.2026 - XAG Commodity was down 5.1%

• Silver dropped by 5% to $61.8 an ounce, reaching six-month lows.
• The market movement can be attributed to expectations of tighter Federal Reserve policy, with officials hinting at future rate hikes and a more hawkish stance.
• Progress in US-Iran peace negotiations and increased shipping through the Strait of Hormuz helped ease inflation concerns but were not enough to offset the impact of potential interest rate hikes.
• The decline in US technology stocks also added selling pressure on silver as investors adjusted their portfolios, contributing to the overall bearish sentiment in the market.

05.05.2026 - XAG Commodity was down 6.6%

• Silver prices dropped below $70 per ounce, marking a 5.03% decrease, as investors reacted to a stronger-than-expected US jobs report and ongoing uncertainty in the Middle East.
• The robust US job growth figures raised expectations of a Federal Reserve interest rate hike, leading to concerns about inflation and higher interest rates, which negatively impacted the demand for non-interest-bearing assets like silver.
• Ongoing tensions in the Middle East, particularly regarding peace negotiations and disruptions to energy flows through the Strait of Hormuz, added to the market uncertainty and reinforced worries about inflation risks, contributing to the bearish sentiment towards silver.
• Despite some temporary stabilization driven by hopes for diplomatic solutions, the overall market sentiment remained bearish, with silver heading towards a weekly loss of nearly 4% amidst the broader economic and geopolitical concerns.

05.05.2026 - XAG Commodity was down 5.1%

• Silver prices fell below $73 per ounce today, marking a nearly 4% weekly decrease. The downturn can be linked to continuous uncertainty in the Middle East, particularly regarding peace talks and disruptions in the Strait of Hormuz.
• Hopes for a diplomatic resolution between the US and Iran were dashed due to minimal progress in negotiations and the rejection of ceasefire suggestions by Iran-supported Hezbollah, fueling doubts and maintaining downward pressure on silver.
• Prolonged conflicts and high energy prices raised concerns about inflation and possible interest rate hikes, further contributing to the negative sentiment in the silver market.
• Anticipations of central banks increasing interest rates to combat inflation shocks also influenced the market movement, pushing silver prices lower.

11.05.2026 - XAG Commodity was up 5.6%

• Silver surged by 5.01% to $66.571 per ounce, marking a significant uptick in its value.
• The bullish movement can be attributed to the completion of recent strikes, raising hopes for peace negotiations and alleviating concerns over inflationary pressures.
• Geopolitical tensions in a certain region have contributed to market volatility and concerns about energy supply disruptions, leading to increased demand for safe-haven assets like silver.
• Central Banks' potential interest rate hikes in response to rising inflation have also influenced investor sentiment towards precious metals like silver as a hedge against inflation.

18.05.2026 - XAG Commodity was down 5.1%

• Silver prices plummeted due to hawkish signals from the US Federal Reserve regarding potential interest rate hikes, causing investors to shift away from non-interest-bearing assets like precious metals.
• The signing of an interim peace agreement between the US and Iran, aimed at reopening the Strait of Hormuz, initially boosted silver prices. However, uncertainties surrounding the full implementation of the deal and the geopolitical landscape led to a pullback in silver prices.
• The Federal Reserve's indication of a possible rate hike, driven by concerns over higher inflation and a strong labor market, contributed to the downward pressure on silver prices as investors reevaluated their portfolios.
• Despite the positive impact of increased demand outlook for industrial silver from datacenter and AI infrastructure companies, the overall market sentiment influenced by the Fed's stance on interest rates overshadowed these factors, leading to the bearish movement in silver prices.

10.05.2026 - XAG Commodity was down 5.2%

• Silver prices were affected by escalating tensions in the Middle East involving the US, Iran, and Israel, causing concerns over energy supplies and inflation.
• Observing US inflation data and robust employment numbers, investors anticipated a forthcoming Federal Reserve interest rate hike, negatively impacting precious metals like silver.
• Despite a potential ceasefire agreement between Iran and Israel offering brief respite, ongoing uncertainties in the region and their influence on energy prices continued to weigh on silver prices.
• Market sentiments were swayed by the robust dollar and surging Treasury yields, strengthening expectations of a year-end Fed rate hike and contributing to the downward trend in silver.

09.05.2026 - XAG Commodity was down 5.0%

• Silver prices dropped to $66 per ounce as investors awaited the US inflation report, which is expected to show a climb to 4.2% in May, the highest in nearly three years, driven by soaring energy prices.
• The recent ceasefire agreement between Iran and Israel offered some support to silver prices, while worries about inflation, interest rates, and tensions in the Middle East kept the market under pressure.
• Better-than-expected US jobs data strengthened beliefs of a Federal Reserve rate hike, with a 70% likelihood of an increase in December now being factored in by markets, contributing to a negative outlook for silver.
• Ongoing conflicts in the Middle East, disruptions in energy supply, and escalating tensions added to the downward trend in silver prices, emphasizing the relationship between geopolitical developments and market trends.